$NIO - Nio

Nothing about the fundamentals makes me like the company. It still loses money and the chinese EV market is seeing intense levels of new entrants. However, the chart does look better than fundamentals.

Personally, I don't invest in Chinese equities but it had a very explosive move in the summer blowing through and above the ichimoku cloud.

Now, it's come back to reality. Still in the cloud holding support and trying to find a bottom on declining volume (signs of exhaustion)

Wouldn't be surprised to see the following path unfold