$NIO TOP 20
Added 2024-08-13 10:21:34 +0000 UTC$NIO is hovering over the previous support level on the red line at $3.61, testing this level last week, which was also a low in Mid April too.
Still in this channel and still below all moving averages.....Earnings is not expected until the 3rd week of Sept so we need a catalyst before then to make an impact here.
RSI is at 30 now, so it is in oversold territory, as that is clear from the price being at its 4 year low.
Onvo release may be the lifeline that can turn this around.
