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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Listed as Top 20 shareholder in an SGX listed company previously. Always hunt for undervalued & potential M&A stocks.
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