The analysis focuses on NIO stock using technical analysis across daily and weekly timeframes. The stock is currently at $7.25. The analysis points to a descending triangle pattern on the weekly chart, followed by a breakout, leading to a 100% upward movement towards the $7.78 level, which is now a possible retest level. Also mentions a cup and handle formation on the weekly chart, projecting a move towards $9.00. Support is found at $6.41, originating from a gap up point, after hitting the $3.02 bottom. A shorter-term analysis notes the stock's reactive nature to resistance and support zones, identifying a flag range with support holding at approximately $3.38. Key resistance at $7.78. It is bullish.