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mcmalloch

$NIO potential double bottom in value area

Long
NIO Inc. (BATS:NIO)  
mcmalloch  
BATS:NIO   NIO Inc.
Trend Analysis Chart Patterns Technical Indicators NIO Fibonacci Retracement Double Bottom Weekly Charts 886 Fibonacci Retracement
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trendanalysis chartpattern indicator nio fibonacciretracement doublebottom weekly 886fibonacciretracement
NIO high time frames look to be putting in a double bottom at the .886 fib node, considered to be a deep value area.

Monthly bullish engulfing candle if it closes around here on Friday.

Invalidation could be multiple weekly candle closures below $8.38, low from Oct ‘22, would let this run potentially to $20 region if it really gets going.
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