$NIO reported its delivery numbers for June and they were 21,209, a 98% YoY increase.
$NIO is becoming more consistent now with its delivery numbers and the issues that they were experiencing last year have not creeped back in
The share price has yet to factor in this consistency.
$TSLA has is having a healthy start to this week again and Q3, we know that the EV sector will not recover unless its front runner and leader is moving positively too.
The 50 Day MA is the level we need to see flipped to support next at $4.84 now.
Next we want the blue line at $5.30 recaptured as support too, this was the original bottom limit of the Buy Zone.
We do not want to see any rejections trying to get above these levels now.