The analysis focuses on NIO, identifying descending triangle patterns on the weekly chart, breakouts at $3.38 leading to $7.70. Resistance is noted at $5.20, with price getting rejected back to $3.38 then $3.00. The most recent weekly candle showing a lot of buyer support, trying to push the stock up. On the daily chart, a short term resistance at the top, 2 resistances needing to be broke, to further make price action happen. Support at $4.30 and a trading range identified between $4.40 and $5.20. Strong buying pressure indicated. A short term target of $5.40, potential bullish activity in both the short and long term. Medium term the price could reach $6.00.