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TheBrko

NIO - mid term overview

Long
NIO Inc. (NYSE:NIO)  
TheBrko  
NYSE:NIO   NIO Inc.
Chart Patterns Trend Analysis Technical Indicators NIO niostock niolong nioinc niosetup nioanalysis
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chartpattern trendanalysis indicator nio niostock niolong nioinc niosetup nioanalysis
NIO is in consolidation for long time after big upwards price action in form of falling wedge/channel.

Currently sitting on weekly support with oversold condition on RSI.

Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.
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