Description
⋅ NIO has broken out of the triangle consolidation to the bullish side - That quells a lot of the bear fear in this stock.
A close above the prior swing high ( approx $49.60) and it is a clear Long for me.
MACD daily about to cross over to the bullish side
50D Bounce of with continuation to the upside.
Tesla Breakout out as well - Hence Nio should follow suit.