$NIO TOP 20
Added 2024-07-05 13:54:08 +0000 UTCNot the continuation we were expecting, after the CFO unexpectedly stepped down today and the market is using this as an opportunity to flush down.
A CFO stepping down is not necessarily a vote of confidence, so it is not too surprising to see the market react like this but it is up to $NIO management now to announce a replacement and explain what has happened and offer some clarity.
In the meantime, I would like the bulls to try and at least fight to keep the 0.618 Fib at $4.54, a breakout of the channel will be unlikely until there is more information.
Comments
This rumor was around for weeks and although this might create uncertainty in the short term, it will be good in the long term. The old CFO wasn't doing a great Job.
Thomas
2024-07-05 13:57:10 +0000 UTCThey promoted their SVP of Finance into role.
Jay
2024-07-05 13:55:19 +0000 UTC
