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Benzinga
Benzinga
Business
Melanie Schaffer

Is Nio Looking Bullish Or Bearish? A Look At Two Timeframes

NIO NYSE Inflation

Nio, Inc (NYSE:NIO) was trading up about 2.4% on Wednesday after opening lower, a move that was triggered by inflation data, which came in higher than what was expected, at 9.1%.

Despite showing strength in comparison to the general markets, Nio has been trading in a downtrend since topping out at the $24.43 mark on June 27.

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