NIO: Keep your eyes open to these signs!

Hello traders and investors! Let’s see how NIO is doing today!

It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point, leading to a reversal in the mid-term.

We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated.

Now, the daily chart:



In the daily chart we see that NIO lacks volume, and it’ll only start a new good upside movement when the volume increases again.

We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation.

NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped!

Thank you very much.