Usman Salis
⬤ NIO Inc. (NIO) is sitting right inside one of the more closely watched zones in technical analysis, the Fibonacci "Golden Pocket," which runs between the 61.8% and 65% retracement levels on the daily chart. This is the kind of area where traders tend to pay close attention. Price can either find its footing here and reverse, or it can break down and head lower. That's what makes the Golden Pocket such a key reference point.
⬤ On the chart, the Fibonacci levels are drawn across NIO's prior swing, with the Golden Pocket sitting between roughly $4.77 and $4.93. Recent candles have been clustering in that band, with price hovering around $4.92 to $4.93, reinforcing attention on key Fibonacci levels at $4.93 and $4.09. If things pick up to the upside, the next levels to watch are the 0.5 retracement near $5.52 and the 0.382 level near $6.11.
⬤ Below the Golden Pocket, deeper supports sit around $4.09 and $3.89, with the full retracement base near $3.02. NIO has been trying to stabilize after sliding from above $7, and the price action ties directly into discussions around the $5 support zone. Moving averages and recent consolidation suggest the stock is working through a potential setup before its next real move.
⬤ What happens next really comes down to how the market reacts at this level. If buyers step in and NIO holds the Golden Pocket with conviction, technical attention could begin shifting toward upside targets, including scenarios where NIO targets $8.20 should a stronger recovery pattern take shape.
Usman Salis
