$NIO is a Serious Technical Breakout

TechnicalHunter
09-06

$NIO Inc.(NIO)$ day chart:

@ACInvestorBlog@ACInvestorBlog

$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $1X NIO(NIO.UK)$ weekly candle is now above the weekly MA30 which is something that stage analysis suggest determine if the stock is in a uptrend or not.

If you look at the price action since 60$ you can see that the price has failed to stay above it.

And the weekly RSI is right at 50, it has failed to break and stay above it since 2021 (unless the july rally last year)

@Eagleinvestor_@Eagleinvestor_

Can it break above it going forward?

NIO Jumps 15% Post-Earnings! Will the EV Giant Break $5?
NIO's revenue for Q2 2024 reached 17.45 billion RMB, compared to 8.77 billion RMB in the same period last year. After NIO released its financial report, the stock rose by 15% yesterday. ------------ Will NIO finally rebound? Is it a breakout possible? Would you add at $5? Are you still holding NIO?
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