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NIO forms 20 Day Moving Average Support on August 3
NIO closed down 1.43% on Monday, August 3rd, with volume running 0.7× below average. 20 DMA Support — typically a warning sign for traders — developed during the session. Key support levels exist at 4.75, 4.69 & 4.62, with resistance at 4.88, 4.95 & 5.01.
Current SwingTradeBot Technical Rating of NIO: D
There’s more where that came from. See all of today’s signals for NIO here.
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