$NIO TOP 20
Added 2024-07-25 11:48:55 +0000 UTC$NIO behaving like an outlier in the PM now after Chinese policy makers increased the subsidies for NEV for new and upgrading vehicles.
This is a warm welcome from policy makers and another Rate Cut by China on the 1 year rate was announced today too, we are still waiting for the HSI to respond to these measures.
$NIO pulled back yesterday due to $TSLA and $GOOG's induced market sell off and unfortunately $NIO tends to follow $TSLA down.
Structure did not break down but still we wait inside this channel and under the 50 Day MA at $4.77 now.
