The something incredible we were saying last week happened today! The BB are spreading again, and NIO is back to the world of living, after being dead for some days.
We are breaking the 46.19 from below, an impressive movement, and this was the condition for a bullish reaction as we also talked about last week.
Now what?
NIO closed the gap at 49.16, but the RSI is not overbought in the 4h chart. This tells us that NIO still can climb more. The head and shoulders pattern wasn’t triggered, and it is not a threat anymore.
This reaction occurred above the 20ma and the BBs are spreading here too.
All of these are great signs for NIO, and it seems it’ll keep climbing, until we see something new around.
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