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About to recover 200MA

NIO Inc. (NYSE:NIO)  
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NYSE:NIO   NIO Inc.
Trend Analysis Chart Patterns NIO EV
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trendanalysis chartpattern nio ev
If it succeeds to recover the 200MA, and overcomes the 42 resistance, then I would consider it for a buying opportunity.

Otherwise, it is likely to keep trading sideways or downwards.
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