NIO weekly charts, Logarithmic and None-Logarithmic

In both charts, you can easily see NIO is still below the resistance (red) line!
A correction in Speculative assets with high volatility may look like a new bullish trend.
Recently, the production slips 65% according to news!
NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles.
I do not think this type of news could push stocks higher in a long term..!
However, in a few days, anything is possible in the market!

Best,

Moshkelgosha

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