NIO Inc.
Aggiornato

NIO is forming a bull flag before further moves upwards

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The recent NIO rally came to an halt and is now correcting.

I think we can expect the price to drop to around $13.70 which a support level. Should we go much lower than that price point and we might see a trend reversal to the downside. Next support should be around $13.15.

If price holds above $13.70 this pattern is confirmed and we should be a new try at piercing through the current resistance level ($15.45).

Nota
We are about to break resistance.

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