$NIO Inc.(NIO)$ This temporary pullback was no surprise. The 14 day RSI indicator has been showing NIO in an overbought condition the last several days due to NIO's rapid SP increase. That's no longer the case and NIO's SP will be heading higher soon.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments