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Published on 21 Oct 2021 on Benzinga via Yahoo Finance

Nio Stock Picks Up Momentum Amid Shanghai Auto Show: Key Catalysts To Watch

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Since completing a triple-bottom formation around $35 on April 15, NIO Inc. (NYSE: NIO) shares have been recovering. The stock received some support from positive headlines this week out of the Shanghai auto show.

Nio On The Cusp Of A Breakout? Completion of a triple bottom pattern, technically, is bullish for a security, signaling that a possible reversal is in the offing.

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