So, looks like NIO had some good volume and above the VWAP on the 9th of February. Hopefully day traders saw the good green volume above the VWAP at the start of the day and rode that increase. Also was a nice gap fill which I took advantage of on the 10th at 8:30, support bid was 61.20 just below the 30 EMA which I got and then sold at below resistance at 62.80,
Nio started making lower lows and lower highs after that so waited on the strong support at 58 which I never got. But none the less, Its only a matter of time before we head up again.
Good stock to day trade because of the strong support levels.
Waiting for good news, if it comes we should see some nice entry points on volume and VWAP