A close above $50 and I'm a Nio Bull once again.

NIO has broken out of the triangle consolidation to the bullish side - That quells a lot of the bear fear in this stock.

A close above the prior swing high ( approx $49.60) and it is a clear Long for me.

MACD daily about to cross over to the bullish side

50D Bounce of with continuation to the upside.

Tesla Breakout out as well - Hence Nio should follow suit.