Will NIO test its 52W low, or see its price rise to higher levels?

Today’s instrument is the NIO company, a Chinese electric vehicles manufacturer and seller, whose ADR stock is traded in NYSE under the ticker NIO.
Looking at NIO’s chart, we can see that it has been in a downtrend, and it was lastly traded at around $7.80. Today it is announcing its quarterly earnings and if the market’s anticipation is positive then we could see the price reach higher levels, at around $8.80-9.80. On the other hand, it should test its 52W low at $7.
Author

AAATrade Team
AAATrade
The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.


















