$NIO TOP 20
Added 2024-02-27 14:12:06 +0000 UTC$NIO's nemesis has been the 200 MA on the 1hr chart in Feb, and we can see that it has rejected twice at this level on the 16th and the second retest from below on the 21st....this then caused $NIO to drop hard last week.
Good start to the week so far and there appears to be another retest about to happen today.
The $5.83 level needs to be broken first, then we have the 50 MA at $5.87 and just slightly above is the 200 MA at $5.92.....$NIO needs to get above this levels and hold support above $5.92.
Let's see if this can be done leading up to earnings on the 5th.
