SamSuka
The Long Investor
The Long Investor

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$NIO TOP 20

$NIO is back to its May 2020 level now, price has breached the $4 level and the drift down continues.

A test of the bottom red trend line is at $3.80, so this may come at some stage today.

Keeping tight in this wedge is needed, a breakdown will result in a strong flush down, market cap right now is $6.78 Billion.

$NIO TOP 20

Comments

Hard Times. Still confident in the company but I have to admit it’s difficult to stay positive

Anthony Tqt

Are we below cash on hand now?

Thomas

Nio could buy their own company and have cash left over to buy Polestar and Fisker as well.

ES B

Hard to believe we are back at these levels. Was lucky to have rode it up to 60's from 3's last time we were down here and will be looking to load up again when we find support. Unfortunately I dont think it will be as smooth 2nd time around.

Foggy


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