AltamashPorbanderwala

NIO looking bullish on 4h

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NYSE:NIO   NIO Inc.
The price action may be trying to form an inverted head and shoulders (currently in the process of forming the right shoulder). The RSI seems to be bullish and creating an ascending triangle seem to have completed wave D and now waiting on wave E which should be the breakout wave bringing the RSI hopefully into the overbought territory.
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