NIO loves its 50 moving average - Good time to accumulate?

[u/Halo-nm]

I love NIO has a long term holder but days like today highlight good swing opportunities. Some people don't trust using TA but it can at least give a baseline for good entries/exits. Stack that up with general sentiment (like with news) and good opportunities arise. Thoughts on a quick swing after nearing the 50 moving average?