$NIO TOP 20
Added 2024-03-27 13:59:44 +0000 UTCGap is now filled....$NIO updated markets today that their guidance for Q1 was going to be lower (marginally) and that was the nail in the coffin and it is sinking now.
$NIO have let us down, they have not delivered on targets and they are struggling.
Bizarrely the price has stayed very neat in this descending wedge so the market is giving it a chance to turn this around and we can see here that the red wedge leads right to the earnings report date at the end of May.
I don't think anyone should be expecting any change here until earnings....only a breakout of the wedge can change this trajectory right now.
Comments
maybe a bounce here when nobody expects it and we dump on Earnings in May...this is a long investment either way. We'll get there...
JD
2024-03-28 09:48:06 +0000 UTCCEO keep scaring the market on his huge spending. He is not focusing on selling his product because he has free money from oil country and also money from CCP. will get burn out very soon
Jedi
2024-03-27 14:42:12 +0000 UTCVery little but its the sentiment....the rejections keep coming and the trend is clearly to the downside now....people do not want to risk their capital right now....especially while $NIO is missing targets
Gareth Neary
2024-03-27 14:14:18 +0000 UTCIs a reduction of 1k vehicle guidance (along with every other company including Tesla which is up) really that big of a deal compared tot he partnership with Geely? Geely sold 1.5 million vehicles last year
ES B
2024-03-27 14:11:14 +0000 UTCCap with your position in NIO do you avg down ever or at all?
Lets Go
2024-03-27 14:02:40 +0000 UTC
