A sustained technical rebound for NIO shares remains constrained, despite brief relief rallies. The stock established a new 52-week low of $3.24 during the October 22 trading session, continuing a broader bearish momentum that has dragged shares down roughly 35.6% year-to-date.
While the asset offloading deal with Geely temporarily helped the stock stabilize from oversold territories, intense selling pressure keeps the price capped below key moving averages
Stay safe and don't anyhow buy.
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While it certainly feels like all investors in Nio are losing money given the stock's dramatic decline, this statement is technically inaccurate.
The vast majority of retail and institutional investors who bought shares over the last five years are indeed sitting on steep losses. However, a very specific group of investors—those who bought at its absolute lowest historical points or those actively shorting the stock—are making a profit
Knowing the facts makes a difference.
Stay safe. Aim low to buy.
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Let it fall to bottom and wait for shortsellers to cover back.
You're welcome to buy at bottom.
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Stay safe and don't anyhow buy.
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