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Gdschandiok09

NIO Beautiful Double bottom, 200MA support, possible move up ?

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NIO Inc. (NYSE:NIO)  
Gdschandiok09  
NYSE:NIO   NIO Inc.
Trend Analysis Chart Patterns Technical Indicators NIO tesla 200ma longtrade longs
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trendanalysis chartpattern indicator nio tesla 200ma longtrade longs
Published 4/3/2021.
Current price ~ 39.55USD.
Chart- Daily.

NIO had found support on the 50MA earlier with a double bottom and had bounced off for great gains before the current retracement.
Double bottom and support on the 200MA now is a good entry point.
With the RSI bouncing off the current key level to watch is 40$ with a good volume spike!!
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