$NIO potential double bottom in value area
NIO high time frames look to be putting in a double bottom at the .886 fib node, considered to be a deep value area.
Monthly bullish engulfing candle if it closes around here on Friday.
Invalidation could be multiple weekly candle closures below $8.38, low from Oct ‘22, would let this run potentially to $20 region if it really gets going.
Monthly bullish engulfing candle if it closes around here on Friday.
Invalidation could be multiple weekly candle closures below $8.38, low from Oct ‘22, would let this run potentially to $20 region if it really gets going.
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