$NIO TOP 20
Added 2024-12-31 11:30:38 +0000 UTC$NIO has been consolidating for so long now around the $4.50 level that the 50 and 200 Day MA are at the same level now at $4.84.
A long consolidation like this tells us that the market simply needs more information to change its direction.
It may need a trend on how the other models are selling under the $NIO brand or a firm positive trend that delivery numbers are increasing and they are on a road to profitability.
I can not add $NIO as a Top 10 List for 2025 as it is not profitable and it is not low risk but I will comfortably be holding my position in this current set up.
