looking at the daily on NIO and it is looking a bit bearish for the short term, but i remain bullish for the long term. MACD is closing green getting ready to turn red while the RSI is going down. Earning were good but i feel like the Chip shortage is the cause of this downtrend, and is a bit foolish for those selling. Keep in mind that companies are addressing the chip shortage and according to my research Intel is in the process of building a factory to produce chips here in the USA. A small downtrend will happen but dont expect it to last long. Market conditions arent great but i do see the market turning around soon. Would not be surprised to see this go down to 30 dollars which will be a great opportunity to increase your position or start a position.