$NIO is pulling back today along with $XPEV and other Chinese ADRs as they let off some steam
For $NIO this is just looking like a retest of the 200 Day MA from above at $4.71, ideally we want to see a hold on this level and this would confirm that this MA has been flipped to support once there is a hold here.
The 50 Day MA is just slightly lower too at $4.50 which is also a possibility, for now, let's see if $NIO can hold above the 200 Day MA and this will be a good sign to move higher next.
Martin
2025-03-20 16:10:42 +0000 UTCKyle R.
2025-03-20 15:35:13 +0000 UTCJoanne Koivuneva
2025-03-20 15:18:28 +0000 UTCJay
2025-03-20 15:12:56 +0000 UTC