$NIO TOP 20
Added 2024-11-11 16:59:10 +0000 UTCIncredible that we are still in this position after almost a month later
This tells me that the market needs more information to make a decision here...and it's likely the same for most ADRs....$BABA's earnings could be the catalyst, as it was in August
$NIO and $BIDU will then report at similar dates in 10 days time.
I am still not overly concerned where $NIO is right now either, Bulls are still present to buy any dips but we do need a catalyst here
The 0.78 Fib at $4.50 is still a prospect but the impulse wave is very much in place
Comments
sorry for asking, the impulse wave here is the blue line crossing the yellow triangle at the current price? thx🙏
Matt
2024-11-11 17:53:51 +0000 UTCPerhaps Q3 ER will be the catalyst plus Q4 guidance. NIO are very opaque on their operations. Market worries about capex spend on assets. NIO doesn’t update on PSS B/E. Need info on swap partners vehicles / swap station roll outs. Need pathway to profitability to be explained to market.
Kevin J
2024-11-11 17:16:13 +0000 UTC
