NIO Beautiful Double bottom, 200MA support, possible move up ?

Published 4/3/2021.
Current price ~ 39.55USD.
Chart- Daily.

NIO had found support on the 50MA earlier with a double bottom and had bounced off for great gains before the current retracement.
Double bottom and support on the 200MA now is a good entry point.
With the RSI bouncing off the current key level to watch is 40$ with a good volume spike!!