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NIO Inc (NIO) “On a long-term technical basis, the stock (NIO) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 21.05 and 17.30. If the stock breaks down through support at 21.05 then it will probably continue lower to 17.30. The stock will meet resistance at 22.59 and 25.41. If the stock breaks up through resistance at 22.59 then it will probably continue higher to 25.41. The 200-day moving average is at 8.18. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.38).”
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