Chart Analysis by TopMarketGainers

[TFMG]

Its really hard to be positive on NIO, But I've tried. Believer

We all know what a painful ride this has been for believers, we have looked at the chart every day hoping for a reversal, unfortunately the news flow, political and trade uncertainty, economic slowdown and of course poor earnings reports have all added fuel to the already burning fire. The stock looks destined to hit the $2 level and it really is the last stand in our opinion, it will soon be at the mercy of pump and dump penny stock day traders, where green candles can't be trusted. We have tried to pick the positives from the chart, so please have a good look and if you agree please give us a like and share and share your opinion below, it would be much appreciated as we are believers in this stock and hope that it turns around soon but $2 is our key level.


Comments like this have not helped the cause,
"Looking ahead to the second quarter, we expect an even more challenging sales environment and anticipate overall sequential demand and deliveries to decrease, as competition continues to accelerate and the general automobile market in China remains muted… Against this backdrop, NIO is focusing on rolling out our ES6 nationwide, and at the same time, improving overall network utilization and operating efficiencies."