$NIO TOP 20
Added 2024-02-21 10:42:48 +0000 UTC$NIO held support once again on the $5.83 blue line yesterday and recovered nicely and showing a bounce in the PM now, likely due to a strong performance from the HSI.
Getting above $6.28 remains the important level for me, to get us out of this consolidation range, which we have been in since Mid Jan.
Staying above $6.28 will also mean we are above the 50 and 200 MA on the 1hr chart too.
Next levels to watch will be at $7 which was a formidable support level towards the end of 2023, so flipping this level back to support will be a firm step in the right direction.
$NIO still have some work to do, but tailwinds from HSI could help this move shortly.
