Attempted Breakout of Upper Line Channel Resistance may materialised soon..
$NIO Inc (NIO.US)$5.25… Attempted breakout from the upper side of a 6-9 mth long downward channel resistance has failed the last 10 trading days.
With resistance diminishing from shorts and supported with better EV environment and gd technical readings, a powerful breakout of this upper line resistance may materialise as early within the next few days.
Gd Luck to all.
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