Nio is deemed the Tesla of China. Sadly their macroeconomic environment is far different than the USA. Even with increasing profit and sales, without a stable global presence and Chinese accounting practices far from global standards, this stock is poised to continue it's downtrend following the descending triangle pattern confirmation. Should see this stock in the teens by Q1 2022 end.
personal analysis = not investment advice.
Best of Luck!
personal analysis = not investment advice.
Best of Luck!