We hope it's not a dead cat bounce in Nio, Indicators Bullish

The company really is in considerable trouble given the latest sales figures and the increased competition entering the sector. Just like TSLA sentiment has turned very sour in the markets and the have both become whipping boys and a target for mockery.
Although the stock is very cheap it can easily drop further so we think a rise above the Middle BB on continued high volme would give us more confidence on the stocks future.