SHANGHAI, April 9 (Reuters) - Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country's measures to contain the recent surge of COVID-19 cases disrupted operations at its suppliers.
$NIO
$SOFI Didn’t move much today even though a lot of the other small caps had large moves. I think this is actually good because the price is much more stable than the small caps which is more sustainable. $sofi #SoFi
$NIO Had a large move today over %10. If we get a few more days of upside I may sell some covered call on my positions because I don’t think we’re out of the woods just yet. $nio #Nio
$NIO Sitting a little below the support band. A break below this will send us to IPO price. The fundamentals have drastically improved since IPO so this is in an extreme value play territory for me. $nio #NIO
$SOFI Currently close to the low from last week, no telling how long it will go after a break of the previous low. Also below all major moving average so no support there. $sofi #SoFi
$NIO Bounce perfectly off the bottom of the support band. Seems that it is going to hold in the short term. If it breaks below this we are probably going to go to $15. $nio #NIO
$NIO In the descending support band, so far $nio was able to bounce off the band over the past year, seems very strong so it has a higher probability of holding. $nio #NIO
$BTC Fell through the $40k support and failed during the retest. I fully expect a move down to the mid 30s if it can’t get back above the support. $btc #BTC
$SOFI At a support from a few days ago. Let’s see if this can start a new higher low trend. If it’s like the rest of the market most likely will go lower. $sofi #SoFi
$NIO Currently in my support band. Whenever it is doping in this range I am buying. Looking for a bounce to $21 in the next few weeks. Still a little room to go lower based on the band. $nio #NIO