kelvinyeo

Bouncing back from Fib retracement and uptrend support

Long
NYSE:NIO   NIO INC
Rebound price is either 45.32 or 41.54 from the Fib Retracement. It did rebound yesterday at the uptrend support line and rebounded with more volume than the down days too. Lastly, it is currently still in the oversold RSI section, there should be buyback demand.

Comments

it is oversold and currently looks like consolidation but should gap up soon, Thanks for your insight
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