A simple Technical Analysis on NIO weekly chart

$NIO Inc (NIO.US)$ $NIO-SW (09866.HK)$
1. observed that 20 SMA (simple moving average) has once again turned flat (previous occured around Jul~Oct 2022 (red arrows)
2. caused by share price crossing up & down the SMA, abid on lower volatility as compared to previous
3. a major downtrend trendline exist throughtout way back Jan 2021
From Volume Profile, most volume traded between $12.40 ~ $23 (visual estimation). Expect share price to consollidate between this range before the next major move
Support - $12.40
Resist - $23.00