The analysis predicts a bullish trend for NIO, citing recent price action that hit 7.60. A target of 9.26 is set based on historical resistance levels, with 7.70 serving as an intermediate target, and 7.00 as a psychological level, acting as support. Key technical points include breaking out of a descending triangle, a pennant structure, and previous descending resistance. A failure to maintain above the 6.41 level would invalidate this analysis. Analysis also mentions consolidation and chop before the next leg up.