NIO’s New Bullish Drive: Poised for a Major Upswing?

In our analysis of NIO Inc., we at Vital Direction believe that the stock may be on the verge of a substantial upswing. Following a major bottom at approximately $3.65, NIO surged to around $7.50, forming a clear five-wave upward sequence. This rally was followed by a corrective ABC move downwards, bringing the price back to the $5 range, marking a potential bottom in the corrective phase.

Now, as we assess recent price action, we see strong indications of a fresh five-wave sequence emerging from the $5 level. If this formation continues, NIO could be propelled to around $10, or possibly even higher, presenting a compelling growth opportunity for traders. We’re keeping a close watch on this potential bullish setup and will update as the sequence unfolds.

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