NIO Stock Analysis: Deep Discount Recovery Play
NIO’s story reads like a cautionary tale about EV hype cycles. The Chinese electric vehicle maker soared past $60 per share during the pandemic boom, only to crash back down to earth at around $6.22 today. That’s roughly a 90% decline from its peak. But here’s the thing – some investors think this brutal selloff has created the buying opportunity of a lifetime.
RSI Suggests Building Momentum
The technical picture tells an interesting story. NIO has bounced off this $5-6 support zone before, and the clustering of moving averages around current prices adds credibility to the idea that this could be a bottoming area. The RSI reading near 69 is particularly noteworthy since historically,…
