$NIO Inc.(NIO)$ I can't say th

$NIO Inc.(NIO)$ I can't say that NIO has bottomed.

It's got bullish divergence building for close to 2 years, but price can always make a lower low on bullish divergence.

Price is still under a negatively sloping 20 month SMA which will continue to serve as resistance until proven otherwise.

With that said, this month is holding 0.5 fib and it's the 4th inside candle, so can it have a +30 to +50% pop at anytime to the upside temporarily? Sure it can.

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Meoooow
01-15
Meoooow
Safe to buy below $4. Target $3.85

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