NIO didn't break, but is close to the 2022 POC
NIO is currently trading near the 2022 Point of Control (POC) after failing to breakout at the top of the descending channel. This presents a great opportunity for investors to capitalize on a potential rebound in the stock price. Although NIO didn't breakout at the top of the channel, the current stock price level presents an attractive long-term opportunity for investors to benefit from the potential upside in the stock. With the stock price near the 2022 POC, investors should consider taking advantage of this opportunity to get in before the rebound.
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