I’m bullish on NIO based on the analysis shown in the graphic. I’m waiting for the breakout with strong volume to confirm the breakout. I also anticipate that NIO will want to take advantage of the EV spotlight that TSLA currently dominates. Although not shown on the current chart, the following indicators are bullish:
Happy Trading!
- Stoch RSI: 26.97
- RSI: 60.29
- ADX: 35
- Accum/Dist: Very Bullish
Happy Trading!
