NIO in Accumulation ?
![NIO in Accumulation ?](https://sgsnsimg.moomoo.com/feed_image/103994375/7770ed153e143a63929ec64b45e20c0d.jpg/bigmoo)
Here are the review based on Weekly Chart:
1. Price moving out from downtrend line.
2. High volume appeared before moving sideways.
3. Price trading in sideways with solid support
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102896759 : What does that mean
102896759 : Good or bad
Paul 的不可思议 : The bottom is flat, and it should rise after accumulation, although it will take some time and more good signals
Zaclim OP Paul 的不可思议 : Yes agree. Accumulation take time. sometime will see a shakeout before the uptrend
Zaclim OP : $NIO Inc (NIO.US)$ hit nearest resistance (gap down area)