$NIO is below the $3.61 danger level now and a Head and Shoulders pattern has been adding to the concerns here too
Yes $NIO does not sell to the US but the issue here is that if there is a market sell off, those companies that are not profitable will struggle and people will give up on their positions and move to more reliable positions to safeguard their capital.
The downside risks are clear, there is a support line at $2.35 and the All Time Low level at $1.21.
Paul
2025-04-07 15:00:42 +0000 UTCBen Smith
2025-04-07 11:17:22 +0000 UTCNalaikPanda
2025-04-07 11:11:30 +0000 UTCChris H
2025-04-07 10:40:27 +0000 UTC