NIO – Earnings Setup & Key Support Levels Into DecemberNIO Inc. Sponsored ADR Class ABATS:NIOstreak35Hello Everyone, Followers, Another one that will release their Financial Report is NIO. NIO has been selling off through November and is now sitting right on top of a major support cluster ahead of its earnings. Price is currently around 5.50, trying to hold near the 0.618 Fib level. 🔹 Moving Averages & Momentum Price is below the 20/50 SMAs → short-term weakness 100/200 SMAs still support the broader structure This looks like a controlled pullback unless the 5.06 support breaks. 🔹 Support & Resistance Key Support: 5.54 5.06 Trendline at 5.35 - 5.40 Key Resistance: 5.90 – 6.00 6.20 - 6.30 A close above 5.80 shifts momentum to bullish. A break under 5.06 signals bearish continuation. 🔹 Scenarios Bullish Setup Hold 5.54 → 5.06 Break above 5.80 Target → 6.22 Mid-Term Target : 7.00 - 7.20 Bearish Setup Lose 5.06 Downside → 4.50 - 4.60 Extreme → 3.90 - 4.00 🔹 Outlook NIO is sitting at a critical decision level. The combination of Fib support and the long-term trendline makes this an important zone for a potential short-term reversal. But if price slips below 5.06, the chart opens up toward 4.58 quickly. 🔹 My Plan I’m waiting for confirmation around the 5.06 → 5.54 zone. Above 5.54: I expect a bounce into 5.80–6.00, maybe higher into 6.22. Below 5.06: I’ll stay out and wait for stabilization closer to 4.50. Patience here — the level will reveal the next trend. If you enjoy and like clean, simple analysis — follow me for more. This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis. Have a lovelly Sunday to all and Good Start a Week.