NIO triggered a probable upward move

21 thg 5, 2021

• NIO is about to violate the major broken support around $34.25 after the rebound from the lower boundary of the downward channel on the 1hr time frame.
  
  • NIO could target $36.80 and $39.00 consecutively on the short term; with a bullish signals triggered on both the RSI and the momentum indicators.
    
    • From a fundamental perspective, Nio's financial condition is improving after debt and liquidity fears slammed shares. Nio's international expansion promises more runway for growth.