NIO (NIO.US) stock dropped 3% during today's session together with other US-traded shares of several Chinese companies over regulatory actions taken by the regulators. The Chinese officials seem to focus on large amounts of data collected by certain companies on Chinese citizens so there is hope that NIO and other Chinese electric vehicle manufacturers will not suffer much from officials' actions as it seems that they did not collect so much data compared to technology companies.
NIO (NIO.US) stock fell sharply during today's session and broke below the major support zone around $48.50 which coincides with an upward trendline and 50 SMA (green line). If the current sentiment prevails, support at $43.17 may be at risk. Source: xStation5
Palo Alto acquires CyberArk. A new leader in cybersecurity!
US OPEN: Blowout Payrolls Signal Slower Path for Rate Cuts?
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
Economic calendar: NFP data and US oil inventory report 💡