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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
Nio Stock Picks Up Momentum Amid Shanghai Auto Show: Key Catalysts To Watch

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  • chewy144
    ·2021-04-23
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