NIO Inc.

Headed down - lost the 20EMA long term support

522
NIO has entered a downtrend on the daily - it looks it wants to test the 50EMA support around $43.00. If that doesn't hold and we see more volume selling, look for $35 as a target at the 100 EMA or 0.618 fib retracement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.