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NIO Inc (NIO) “On a long-term technical basis, the stock (NIO) is trading above its 200-day moving average, but has broken through an important support level, which implies it is in a neutral trend. The stock has broken down through support at 3.76, so look for new support at 2.13.
The stock has support at 3.06 and 2.58. If the stock breaks down through support at 3.06 then it will probably continue lower to 2.58. The stock has resistance at 3.76 and at 4.87. If the stock breaks up through resistance at 3.76 then it will probably continue higher to 4.87. The 200-day moving average is at 3.06. This will also act as support. The stock is neutral according to the Stochastic Indicator (49.31).”
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