$NIO continues to be held down by the 50 and 200 Day MA and a lower low is made now too, so the last Fib support level now comes into play at $4.08.
Unfortunately if this level is not held then the Red Line at $3.62 is a possibility and this level has already been tested 2 times in the last 12 months.
I think holders of $NIO are aware that this has been a possibility for the last 12 months if a higher low is not made.
I am still holding regardless.
G4Golf
2025-01-16 04:50:07 +0000 UTCThomas
2025-01-13 12:04:29 +0000 UTC