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.
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.