$NIO (orange arrow) maintained the strong bounce and closed today above the last resistance of $45.50.
Meanwhile, $LI $XPEV had a pull back in last two trading sessions. This divergence of price action is signaling a clear relative strength for $NIO.
The gold line on top is the King $TSLA which is being added to S&P500 index.
I am expecting $NIO to continue it's bullish run leading upto the NIO day in Jan 2021, creating more separation from the toy car companies like $NKLA.
Meanwhile, $LI $XPEV had a pull back in last two trading sessions. This divergence of price action is signaling a clear relative strength for $NIO.
The gold line on top is the King $TSLA which is being added to S&P500 index.
I am expecting $NIO to continue it's bullish run leading upto the NIO day in Jan 2021, creating more separation from the toy car companies like $NKLA.