NIO - 1W - Descending Channel

This week, China’s central bank (PBOC) introduced its most substantial stimulus since the pandemic, reducing interest rates and lowering the reserve requirement ratio.

This move injected roughly 1 trillion yuan ($142 billion) into the financial system.

Following the news, Chinese stocks surged, and NIO—a long-underestimated player—has started to gain momentum.

Technically, it’s outperforming the S&P 500 and approaching key resistance within its long-term descending channel.