#NIO #Pennystock Chinese car manufacturer
Considered to be the Tesla of China, has risen significantly in the last couple of months after securing additional funding and expending rapidly.
Now entered a rising wedge on the chart, RSI is extremely overbought both on the daily, and weekly timeframes, and has printed a bearish divergence, MACD bullish momentum seems to have faded.
It can find support on the recent resistance at $4.77.
Now entered a rising wedge on the chart, RSI is extremely overbought both on the daily, and weekly timeframes, and has printed a bearish divergence, MACD bullish momentum seems to have faded.
It can find support on the recent resistance at $4.77.
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