NIO found Daily Support. Bullish Swing

Justification and PTs provided on Chart.

Daily Chart:

(1) Bounced off Support
(2) Hull Moving Average (period 16)
(3) MACD Bullish Crossover
(4) RSI low and trending positive

PT1: $38 (0.618 Fib) and at Downtrend Resistance
PT2: $40.7
PT3: $44.27

Expected PT1 ~ end of Jan 2022
Technical IndicatorsNIOTrend AnalysisTesla Motors (TSLA)

Disclaimer