NIO is nearly turn to stage 2 Technical Analysis Big picture:
1)
NIO is going on down trend for a year and 3 month ago just have low volatility and low volume 2) Make Sideway down and forming wedge shape with RSI overdrive up. Possibility highly to make U-turn
3) HSI index make pattern H&S. If complete price break upper resistant it's time of chinese stock rally
4) Now it has 2 resistant to confirm stage 2 is breaking EMA200 and Breaking base of wedge shape to confirm
Technical Analysis Small picture:
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NIO break the wedge and make lower high forming picture Cup and Handle Hope
NIO get well soon Good Luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.