NIO Inc.

NIO testing prior highs!

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On August 6th, we wrote about how GoNoGo Charts had given a low risk entry on NIO and how it might go on to test the highs of a few weeks earlier.
After the GoNoGo Oscillator bounced off the zero line a second time we indeed have seen that push up to test the high.
Currently we are at the highs of July and the GoNoGo Oscillator is positive with a little room perhaps to go.
If price can break out and consolidate above these highs, look for the Go trend to continue.

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