Description
⋅ NIO closing on top of the 20 day SMA, could fill 20% gap UP
EMAs trying to punch thru the 20 day SMA and breakout
Recently announced promising earnings and deliveries are up 125% year over year for July
Tesla is also trying to breakout upwards, and can help boost NIO as EV hype returns
First sell at $50.50, Second at $52 or overbought RSI