Daily Charts - A bad start to a critical month for $NIO

BrianTycangco鄭彥渊
12-12

1.A bad start to a critical month for $NIO Inc.(NIO)$ $NIO-SW(09866)$ . But to be fair, most major brands except for $Tesla Motors(TSLA)$ and $LI AUTO-W(02015)$ $Li Auto(LI)$ have seen declines during this period. The bar is just set a little higher for Nio and its subbrand ONVO.

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2.Like $Luckin Coffee Inc.(LKNCY)$ , investors left $DiDi Global Inc.(DIDI)$ for dead after scrutiny of the company after its US IPO. This was close to the height of China tech interest in the US markets and a few months after $Alibaba(BABA)$ 's Ant Group IPO was yanked from the global markets.

Since then, the stock has traded OTC as $DiDi Global Inc.(DIDIY)$ , and business has resumed normal operations. Revenues have recovered to 2021 levels and profitability was attained last year despite the lower market share and increased competition.

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3.The Mag7 just became the Magnificent One after November 4th.

$Tesla Motors(TSLA)$ $Amazon.com(AMZN)$ $NVIDIA Corp(NVDA)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Microsoft(MSFT)$ $Apple(AAPL)$ $Meta Platforms, Inc.(META)$

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