We are hitting a solid support and can see NIO bouncing till $53.8. Sellers are exhausted and that might mean buyers taking control. Keep an eye on the volume though as the movement to $53.8 might not be a confident/ sustainable one. Avg. volume has been low.
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If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.