$NIO continues to move sideways here, above the 0.38 Fib and just sitting on the blue support line at $5.30, we still can't rule out a flush down to $4.81 or the 50 Day MA before a bounce to move higher.
Losing the 50 Day MA would not be a good look here.
$NIO reported 4400 numbers today which is one track to hit their 20,000 a month target for May.
More of this is needed but I also need them to announce when their earnings date will be released.
Karl
2024-05-21 21:13:53 +0000 UTCChris H
2024-05-21 15:37:40 +0000 UTC