$NIO on Breakout Watch! Don't Miss It!

NIO gapped up yesterday and is pushing to test previous resistance (57.20) Double Top? Watch price action closely. With CCI up so much, price may turn sideways as it pulls back into the green box (e.g. marked in yellow) If price breaks below yesterday's low of 50.67 and goes under, I will look for a reversal near the $48 zone. Good luck!
Chart PatternsNIOniolongniosetupTrend Analysis

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