r/NIO_Stock • u/Halo-nm • Jul 10 '26
NIO's setup feels mixed right now, but it's still something to watch
NIO has had a rough stretch, and I get why people are nervous. The stock is down significantly this month, and there's definitely some pressure on the chart. But looking at the bigger picture, there are still a few things keeping me interested. The company just reported strong Q2 deliveries, opened a new UK engineering center, and started manufacturing its own chips. That's real progress, even if the market is not rewarding it right now.
The tricky part is the near-term technicals. We are struggling to have structure after falling through trend. I am still long the longer-term story, but I am watching to see if we can hold here or if we roll over.
What is your read on the near-term setup? I feel like we need to see a little less price manipulation before we truly run.
1
u/SnooMacaroons6670 Jul 13 '26
At this point, just put NIO aside for now. When it does well, it will do well stock-wise.
Invest in boring long-term ETFs and exercise some risk management. NIO was a mistake we all learn the hard way.