docfresh
Long

NIO getting some love today

NYSE:NIO   NIO INC
After a brutal beatdown, there appears to be a bit of bull divergence on stoch RSI for this stock, and it is now crossing up from extreme oversold. Also breaking a downtrend line. Floor is $2.35 for now. We shall see.
Comment: We are looking at a possible bottom of NIO, which apparently went up today on the coattails of Tesle'a strong sales.



The dashed black line is drawn at the same angle as channels in early pics.
We have a higher low and higher high, on volume. At least check, NIO was printing a bullflag.

I added to my NIO position at $3.17 and will probably add more Friday. Of interest is the gap at $2.84 ... maybe it will fill?
Comment: Note: US markets are closed July 4, 2019.
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