Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner.
The biggest pattern is the 200-day moving average. Interestingly, TSLA bounced at this exact same line almost exactly one year ago.
Next is the tightening triangle, with a series of lower highs and higher lows. The 21-day exponential moving average has marked the top of that range. But NIO’s closed above it for the last two days…
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