$NIO TOP 20
Added 2025-03-27 10:04:05 +0000 UTC$NIO has just announced a new proposed offering of 118 Million shares, about 5% of its companies value, which explains why the share price is down -5.9% in the PM now.
The timing of this announcement on the same day Trump announces Tariffs on Automobiles made outside of the US but sold inside the US is intriguing and likely done deliberately, if the sector was going down anyway, they may feel that announcing it today is probably the best time to do it.
Price action has now made a lower low in the PM and it is also back into the channel.
The August low at $3.61 now comes into play again.
Below this line and it is not pretty either with the blue line at $2.35 being a possibility if support does not come in at $3.61 again.
Comments
IS THE RED LINE IN PLAY NOW?
Steven
2025-03-28 16:22:22 +0000 UTCMe: NIO definitely can’t go further down. It’s already been beaten up for years. NIO: Watch me.
G
2025-03-27 15:54:39 +0000 UTCNot a good situation at all
Pierre penasa
2025-03-27 13:29:01 +0000 UTCWhy I didn't sell when it went to $60
Asif Khan
2025-03-27 13:21:24 +0000 UTCCap do you still have a Position in nio?
Deef
2025-03-27 11:17:08 +0000 UTCyes
Gareth Neary
2025-03-27 11:02:36 +0000 UTCIS the RED line "Bear case" the invalidation level?
Idir ADANova
2025-03-27 10:36:07 +0000 UTC
