Alex Dudov
⬤ NIO Inc. (NIO) is attracting attention after a weekly chart analysis suggested a potential climb toward $8.20. Recently pointed out the setup, noting "Time to move to $8.20" as the next milestone if NIO can break out from its current base near $5. The call frames $8.20 as the key target zone traders are monitoring for confirmation of upward momentum.
⬤ Right now, NIO is holding steady in the $4.80-$5.00 range, with Fibonacci retracement levels serving as guideposts for support and resistance. The chart marks a 0.618 level around $4.93, while deeper support sits at $4.09 (0.786 Fibonacci) and $3.02 as a more critical horizontal floor. If the stock can defend this support band, it opens the door for a broader recovery attempt targeting higher resistance levels.
⬤ On the upside, resistance markers include $7.71 and $8.59, with the primary target clearly set at $8.20 on the chart's projection. The setup mirrors themes discussed in related analysis, including NIO stock holds near $5 Fibonacci level as consolidation continues, which explores similar consolidation dynamics at the same price zone.
⬤ The projection isn't just about hitting a number - it's about whether NIO can sustain buying interest above support and follow through on the weekly timeframe. Additional context on this exact $8.20 target appears in NIO stock targets $8.20 after flush-out reset, reinforcing the idea that this level represents a meaningful technical objective for the stock's next phase.
Alex Dudov
