NIO Inc.

NIO Recharged?

944
(NYSE:NIO) NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers a range of electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components.

2 Scenarios im looking at currently.

Bullish Outlook:
- Potential Bull flag Pattern forming
- Still in Uptrend
- Sitting on Daily Support
- Daily Support is aligning with 0.5 Fib Retracement

I'm waiting to see if Support holds and reaction from Uptrend, Bull flag validation relies upon upper downtrend trendline breaking.

Bearish Outlook:
If Daily Support fails and Trend Breaks then I'm looking to see what happens at EQ 48.94

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