$NIO TOP 20
Added 2024-07-22 12:48:11 +0000 UTCWe are still waiting for $NIO to break out of this channel and get above the 50 Day MA, this was not going to happen last week with many Macro influences on both sides of the Pacific but it does have a chance to do it this week.
5500 confirmed orders were reported today which is in line with their target for the month and reacting well in the PM now, up +3%.
The 50 Day MA remains at $4.90, a level that has been a resistance level, so flipping this means the bulls have woken up.
What we do not want to see is a flush down to a lower low next.
Comments
Can anyone help, for some reason the chats have disappeared from my chat tab so can’t see any messages?
Donald
2024-07-22 12:52:12 +0000 UTC
