Nio’s stock leans on ‘bullish engulfing’ stock price chart pattern to stop further weakness
October 16, 2019 at 15:06 PM EDT
Shares of Nio Inc. dropped more than 8% Wednesday, after a report that discussions over a potential large new funding deal had been halted, with investors now leaning on a “bullish engulfing” stock price chart pattern to halt further declines to fresh record lows.