$NIO TOP 20
Added 2024-07-03 16:17:30 +0000 UTCBack to back strong days here, good monthly numbers, followed by a bounce in the HSI has been a good combination for $NIO and up over 20% in a few days.
Right now we have a break out of the channel and above the 50 Day MA, which is at $4.84.
We need the price to stay above this level next.
The 50 Day MA needs to be converted to a firm support level, only then can an attempt be made at converting the blue line at $5.32 to support.
What I am happy to see today is how responsive the Chinese ADRs are to the positive HSI movement....so if we can chart the HSI correctly, then the others will fall in line too.
Comments
we now have good deliveries + upcoming new brands ramp ups + tsla is back in track
b4rru
2024-07-04 13:18:14 +0000 UTCWhat is the difference between now and a month or two ago when it was in the 5s and 6s? I'm assuming bad earnings?
ES B
2024-07-03 20:39:09 +0000 UTCDo you think short covering for tomorrow is impacting the move up?
jp
2024-07-03 16:27:27 +0000 UTC
