Bulls have not been stepping in for $NIO in any regard now and this is being seen across the sector too.
JP Morgan analyst downgrades $NIO to $5 and it sinks -7%, this may be some game playing leading up to earnings on the 5th of March but this has certainly delayed any reversal for now and we can expect a drift down through this descending wedge until earnings now.
I am not expecting much to happen here until then.
Steven
2024-02-24 15:07:05 +0000 UTCGareth Neary
2024-02-23 16:24:47 +0000 UTCVojtěch Šimeček
2024-02-23 16:17:11 +0000 UTCCharles D
2024-02-23 16:15:25 +0000 UTCNalaikPanda
2024-02-23 16:14:47 +0000 UTC