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Is NIO ready to move lower? 20 Day Moving Average Resistance shows up after dropping 2.31%
On Wednesday, August 5th, NIO moved down 2.31% while volume was to 0.8× the usual levels. The session formed a 20 DMA Resistance, often signaling a possible continuation. Key support levels exist at 4.59, 4.54 & 4.43, with resistance at 4.75, 4.86 & 4.91.
Current SwingTradeBot Technical Rating of NIO: F
There’s more where that came from. See all of today’s signals for NIO here.
Read full article here »