With the recent Wall Street hammer on the tech industry, pretty much all tech-related stocks have suffered. I believe that NIO is a victim of this overall market trend versus its recent stock dilution. A break above $18.00 with a little more volume is a confirmation that the bears have handed over the SP to the bulls.
Note
If 17 can hold then this is a good entry. If you're a long term bag holder than this is a good entry. If you swing trade, enter here or wait for 15.50-16, however, it may not get that low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.