NIO: Potencial moveLet me write in my profile that my English is bad, read exclusively with gritting my teeth =)
Let's look at another Chinese electric car manufacturer. Nio has a fairly wide consolidation channel, which you can see on the chart, even after breaking through the downtrend line, we should not talk about imminent big movements for this company. We may well consolidate at these levels for a sufficient amount of time. Now I propose to consider the option of going to the upper border of the channel, to the area of $14. A very important point will be the development of ema200, from which we can slightly correct.
This idea is not an investment recommendation. All cool deals and profits✅ Do not forget to subscribe and like, so I will understand that my "beautiful" English is extremely necessary for you =)