NIO Reversal (Trendline Break out)
Nio Reversal
Nio pulled back from its high of $67 last month to a low of $31. Nio later bounced up after hitting the 200-period moving average which was followed by a strong move to $46 causing it to break past trendline resistance. if we can see Nio continue to stay above $40. We could potentially see some good entries around the $40 area these upcoming weeks. Disclaimer: This is my opinion only. do your research before making any trading decisions.
Nio pulled back from its high of $67 last month to a low of $31. Nio later bounced up after hitting the 200-period moving average which was followed by a strong move to $46 causing it to break past trendline resistance. if we can see Nio continue to stay above $40. We could potentially see some good entries around the $40 area these upcoming weeks. Disclaimer: This is my opinion only. do your research before making any trading decisions.
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