$NIO - Weak Bullish Divergence & Potential Impulse Wave

Bullish Scenario (Short Term):

- Bullish Divergence on StochRSI
- Potential Impulse Wave I in formation
- MACD crossing Signal
- RSI approaching overbought territory though
- Above 200 EMA
- Good support on VPVR
- Healthy Volume Trade
- Bullish Market Sentiment
- Target $50 - $53.50

However, NIO has to cross the $66.99 mark in order to be considered long term bullish again.

Downward Spiral below $41.