Nio Stock Picks Up Momentum Amid Shanghai Auto Show: Key Catalysts To Watch
Since completing a triple-bottom formation around $35 on April 15, NIO Inc. shares have been recovering. The stock received some support from positive headlines this week out of the Shanghai auto show.Completion of a triple bottom pattern, technically, is bullish for a security, signaling that a possible reversal is in the offing.The stock rebounding off the same level for the third time suggests it has a strong support and bears are giving up.After hitting a high of $66.99 Jan 11 on the moment