NIO has been trading on a very strong support line since January 8th, it is likely we will see NIO bounce off of the support line in weeks to come, but by the end of this week (February 19th) I would expect to see NIO reach the $55 support line. Potentially if the strong uptrend continues on the Daily chart, could see NIO run up to $80+. NIO seems to be in a bearish flag pattern on February 17th on the 5 minute chart, will likely see NIO close around $56.20
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NIO did not close at $56.20, however it opened closer to $55 and today pushed lower than support line.