The Long Investor
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$NIO TOP 20
🕑 Added 2025-03-27 10:04:05 +0000 UTC$NIO has just announced a new proposed offering of 118 Million shares, about 5% of its companies value, which explains why the share price is down -5.9% in the PM now.
The timing of this announcement on the same day Trump announces Tariffs on Automobiles made outside of the US but sold inside the US is intriguing and likely done deliberately, if the sector was going down anyway, they may feel that announcing it today is probably the best time to do it.
Price action has now made a lower low in the PM and it is also back into the channel.
The August low at $3.61 now comes into play again.
Below this line and it is not pretty either with the blue line at $2.35 being a possibility if support does not come in at $3.61 again.
Comments
Steven
IS THE RED LINE IN PLAY NOW?
G
Me: NIO definitely can’t go further down. It’s already been beaten up for years. NIO: Watch me.
Pierre penasa
Not a good situation at all
Asif Khan
Why I didn't sell when it went to $60
Deef
Cap do you still have a Position in nio?
Gareth Neary
yes
Idir ADANova
IS the RED line "Bear case" the invalidation level?
