$NIO is a Serious Technical Breakout
$NIO Inc.(NIO)$ day chart:
@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_
Can it break above it going forward?
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