$NIO NIO Inc Stock Robo Analyst August 22 2020 #NIO

NIO Inc (NIO) “On a long-term technical basis, the stock (NIO) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 12.06 and 11.41. If the stock breaks down through support at 12.06 then it will probably continue lower to 11.41. The stock will meet resistance at 15.45 and 16.44. If the stock breaks up through resistance at 15.45 then it will probably continue higher to 16.44. The 200-day moving average is at 5.37. This will also act as support. The stock is neutral according to the Stochastic Indicator (63.65).”