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Benzinga
Benzinga
Business
Tyler Bundy

A Technical Look At The Nio Chart: Where Is The Stock Heading In The Next Few Weeks?

NIO

Nio Inc. (NYSE:NIO) shares are trading higher Wednesday as they are seeing a strong green day after about a week of bearish movement. The stock has broken support in a long term pattern and has been trending lower since the break. The stock could see a reversal, but will need to see more bullish movement first.

Nio was up 12.52% at $20.22 at time of publication.

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