blue.tato

$NIO RSI unconfirmed Reversal!

Long
NYSE:NIO   NIO Inc.
$NIO is back modestly above all support lines marked on the chart. The most remarkable event here is the reversion of the RSI from its downtrend benchmark band since back in April 2020. However, currently the volume is not heavy enough to confirm an upward fast paced momo so far. Odds are, the price could go slowly up on "silent" volume since weak hands were flushed out within the last 10 trading sessions. GL
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