$NIO is a Serious Technical Breakout

TechnicalHunter
09-06

$NIO Inc.(NIO)$ day chart:

@ACInvestorBlog@ACInvestorBlog

$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $1X NIO(NIO.UK)$ weekly candle is now above the weekly MA30 which is something that stage analysis suggest determine if the stock is in a uptrend or not.

If you look at the price action since 60$ you can see that the price has failed to stay above it.

And the weekly RSI is right at 50, it has failed to break and stay above it since 2021 (unless the july rally last year)

@Eagleinvestor_@Eagleinvestor_

Can it break above it going forward?

XPeng Beats While NIO Lags: Which EV Will You Bet?
XPeng jumps 4% in the premarket trading after it reported third-quarter revenue of 10.1 billion yuan, compared to 8.53 billion yuan in the same period last year. The market had anticipated revenue of 9.91 billion yuan. Nio drops 5% after earnings. Revenue was 18.6735 billion yuan, a year-on-year decrease of 2.1%. Net loss amounted to 5.0597 billion yuan, an increase of 11.0% compared to the same period last year. --------------- XPeng Beats, NIO Misses: Which EV Maker Do You Bet On Amid the Shake-Up? What's your target price?
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