The Long Investor
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$NIO TOP 20
🕑 Added 2025-03-17 13:29:25 +0000 UTC$NIO has been moving well and I was particularly happy with the breakout last week of the channel, followed by a breakout above the 200 Day MA, a retest of the 200 Day MA from above and the bounce that followed.
What we want to see is a continuation next now to a higher high above $5.32 and holding.
Holding above the $5.32 level is important as it has been a resistance level since October.
If the price action can hold above $5.32 then the next test higher is at $7.
Earnings report is due on Friday before the US market opens.....we need a clean report and showing progress now.
