$NIO TOP 20
Added 2025-03-21 13:31:50 +0000 UTCDown in the PM now by -5% after a double miss from their earnings and their EPS missing estimates by -40%.
The price has come down to the 50 Day MA at $4.50 for a retest on the news too but crucially this still keeps the price action on the outside of the channel support line
A retest of this level was also spoken about in the last update too.
Holding above $4.50 on the 50 Day MA would be a good support level but breaking down into the channel again would clearly show weakness and the redline at $3.60 comes into play.
Comments
Honestly the charts have been perfect but NIO deliveries and guidance have been consistently underperforming. Nothing you can do if a company doesnโt perform
Chris H
2025-03-23 06:25:37 +0000 UTC
