$NIO Daily

NIO has finally broken out. Buyers defended the $34 level creating a double bottom. For now the bottom is in.... This is one of the names to watch on the dip next month. RSI approaching downtrend resistance. Expecting a retracement to $38-37 and if buyers defend that we can continue to $47. Earnings coming up, will not be surprised if they fade it.
Chart PatternsTrend Analysis

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