NIO is registering significant accumulation at the current price level. Net buy volume has increased significantly this past few days -- hinting of an incoming upside reversal.
Higher lows creation on weekly data histogram has been created -- suggesting the current price point to be the last baseline before the coming series of ascend.
The stock is currently hovering below the 78.6 FIB LEVEL -- a major order block where buyers converge. This is a discount area.
Another key note: WEEKLY DOWNTREND LINE BREAK has materialized. HUGE HINT.
Spotted at 7.00
TAYOR
Safeguard capital always.
FUNDAMENTAL NEWS:
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NIO revenue for the twelve months ending December 31, 2022 was 7.143B, a 25.97% increase year-over-year. NIO annual revenue for 2022 was 7.143B, a 25.97% increase from 2021. NIO annual revenue for 2021 was 5.671B, a 127.59% increase from 2020. NIO annual revenue for 2020 was 2.492B, a 121.68% increase from 2019.