Looks like today also we will trade at least 75-100 million shares. $4.7 possible.

Investor summaryBearish

Author predicts high volume and further dilution driving NIO down to $4.7-$4.8 before a rebound, noting oversold RSI.

Bull points

RSI indicator is in the oversold region, suggesting a potential technical rebound.
Expectation of a price rebound after the stock hits the anticipated $4.7-$4.8 support zone.

Bear points

Anticipation of further share dilution which will negatively impact and pressure the stock price.
High trading volume and dilution are expected to drive the price down to the $4.7-$4.8 region in the short term.

NIO电动车

Post body

Looks like today also we will trade at least 75-100 million shares.

The hourly chart shows the RSI indicator reaching to 30 which is considered oversold region.

https://preview.redd.it/shu5p8trsp2h1.png?width=1913&format=png&auto=webp&s=7ba057dcad4b211694e1d4489a8dadf10c0bae6f

Currently it is at 33.48. I think we might see further dilution which might drive the price to $4.7-$4.8 region before the rebound could occur.

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