$NIO Short on Bearish Earnings -> on path to test $12

6 Eyl 2022

NIO Short Idea
We expect a bearish earnings release tomorrow. We believe that the support level near $15 will be tested this week and there will be enough selling pressure to continue lower and test the $12 level within the next month.
Our Foliko AI indicator, earnings power score, is demonstrating a large divergence with NIO's recent price levels. When this pattern emerges near an earnings event, it does not support any expectations for positive earnings news.