$NIO TOP 20
Added 2024-03-13 15:51:59 +0000 UTCSo far $NIO has just kissed the red trend line and consolidating slightly now but staying above the 20 MA on the 1hr chart.
The more it moves sideways means bulls are prepared to accumulate before another test of the trend line.
The trend line breakout level is now at $6.24.
Interestingly we can see the 50 MA cross through the 200 MA this hour which is a bullish sign
The other scenario is that we get a retest of the $5.83 level again, to convert this to a support line.
