Nio Chart does not look bullish ,on a downward channel ,if strength lies in stock it will move up . Monthly Chart bounced of of 10 MVA , hopefully it is a good support .
On a daily chart resistance at 41.5.
On weekly CCI indicator is -94 , seems closer to oversold on weekly , pricer also quite frar from 10MVA , a potential bounce back to 20 MVA on weekly is possible ,48
Currently at a good support at 38.30 , hopefully its correction is over