[Nio] March Analysis

As of March 12, 2026, Nio-SW (09866.HK) has seen a resonance between its fundamental and technical aspects, with a strong medium-term trend. The company has achieved profitability in a single quarter, with continuous improvement in vehicle gross margin, high growth in delivery volume and revenue, and steady progress in battery swapping and multi-brand strategies. A turning point in fundamentals has been established.

Technical aspects: The daily candlestick chart shows a breakout with high volume above the 40 yuan platform, with moving averages in a bullish alignment and a complete upward structure. Support and resistance levels are clear, with a high probability of stabilizing after a pullback. Combined with Gann theory, the stock price has stabilized at key angle lines and time windows, remaining in a strong zone. 42 HKD is a key resonance support level, and 45 HKD is the first resistance level.

In summary, 09866's current trend is healthy with good price-volume coordination. The short-term bullish pattern is clear. A pullback to the support zone presents a reasonable opportunity for attention, and a breakout above resistance could lead to further upside.

Risk disclosure: Market volatility, industry competition, and potential underperformance of deliveries. This article is for technical and fundamental analysis only and does not constitute investment advice.$NIO-SW(09866.HK)