NIO Inc.
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$NIO potential double bottom in value area

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NIO high time frames look to be putting in a double bottom at the .886 fib node, considered to be a deep value area.

Monthly bullish engulfing candle if it closes around here on Friday.

Invalidation could be multiple weekly candle closures below $8.38, low from Oct ‘22, would let this run potentially to $20 region if it really gets going.

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