The Long Investor
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$NIO TOP 20
🕑 Added 2025-04-01 13:08:24 +0000 UTCWe are watching for the test of support now on the $3.60 level, this will be the 4th test of support since April last year, there was a positive response yesterday after the first test again and green again in the PM.
There is clearly a lot of work here to be done by the bulls.
I am holding but I feel the concern.
A double blow of a bad miss on earnings and a private offering is a lot of pressure on the share price over a short period of time.
That being said, $NIO will not be affected by the Trump Tariffs on Automobiles as they do not sell in the US....this is a saving grace.
But I don't think anyone should be expecting miracles in the short term.
Comments
Nino
Are you still optimistic long term on nio as a whole?
NR15
Hi Cap, thanks for the chart and analysis. Question - how come we want to see the $3.60 level tested again after it did yesterday? Shouldn't we be looking for a push higher like after the other times it tested this level?
