NIO Inc.
Panjang
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Double bottom formin on NIO

328
has had a massive downtrend since it has missed earnings, however, I do believe in NIO as it is backed by the Chinese government and it is an EV company after all. lets see if it could hold the current support level.
Nota
The reason why it is struggling on the support level. In the premarket, the price of NIO went up by 7.52%. then the price continued to decline for the rest of the day as price action has the tendency to fill price gaps 9 out of 10 times when price gaps occour. the price did fill the gap as show and is forming a symmetrical triangle on support which I could consider bullish as it is form an uptrend may be a good swing for this coming week, with short term PT for this week at $42. syot kilat
Nota
double bottom didn't form, price moving sideways

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