sgzaman

$NIO

Long
NYSE:NIO   NIO INC
NIO made a big bearish engulfing candle on the daily chart which is the first sign of a reversal but we need more confirmation.

In the 65 min chart, it made a shallow pullback and bounced from EMA50 and it may resume the uptrend.
Unless it takes last swing low (HL) at 38.00 I'm bullish about it. The final support is around 34.20 (WMA200).
Let's see.

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