The analysis focuses on NIO stock, currently priced at $4.91. It identifies potential upward movement targeting $5.40 and $6, viewing $6 as a medium-term target. The analysis relies on descending triangle patterns, recent breakouts from resistance zones around $3.60. Weekly chart shows a long-term descending triangle formation, leading to short squeezes exceeding 100%. Long term trend still bearish, but some signs of promising recent bullish activity on the weekly timeframe, with buyers' recent performance, new support zones are expected. Stop-loss at $3.90 to invalidate the analysis.