Nio Inc (NYSE:NIO) is on the verge of a possible technical breakout. The stock closed slightly below the 50-day EMA on the daily chart. A breakout above this key EMA is a signal that there is a potential long-term trend change taking place. The strongest sign of a bullish momentum is the daily MACD indicator which has just started to increase. The RSI is also showing positive signs on the stock. On watch.
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