smo402

smo402

As you can see the last green candle from April 20, can be seen with its wick going all the way down to Nio's support, which it had previosuly touched and broken out. I believe that NIO is desitned for another breakout, and entry at this point would be great; You can see the same trend play out on the hourly chart;

smo402

On the daily chart, Nio can be seen on the downtrend for a while So far, a support has formed around 8.09, and Nio has bounced back up from it, but I expect to drop down to that support again, and then finally have a breakout