Testing the channel breakout level now to end the week and I think we can all feel that the momentum has been behind Chinese ADRs lately but $NIO has not had its bullish shot just yet, this may change shortly, a breakout of this channel will almost certainly mean a breakout above the 50 Day MA at $4.90, staying above this level is the main aim of the bulls and then recapturing the $5.32 level
I think everyone knows the situation here now.
Pierre penasa
2024-07-12 13:12:45 +0000 UTC