$NIO TOP 20
Added 2024-06-21 10:05:09 +0000 UTCWeakness across the board in the EV sector continues, with $FSR, $PSNY, $FFIE, $NKLA $MULN all in bankrupt or danger territory and at risk of falling off the exchanges. Coupled with the tariffs on Chinese EVs, this has been a difficult time for the sector.
$NIO always feels this pressure and although it is still holding above the 0.78 Fib at $4.14, we have not seen any signs of bulls stepping in yet.
$LI is under enormous pressure too and drifting down to its 52 Week Low and is at risk of losing its impulse structure, which tells you all you need to know, as $LI has been doing incredible work.
Support levels and bear cases are shown on the chart, we will continue to observe.
Comments
Ouch. Ok. Shame if they go under they're nice cars! Been waiting for them to do an estate.
Trevor Sweetnam
2024-06-21 13:38:40 +0000 UTCI believe Volvo have reduced their holdings in $PSNY now to single digits
Gareth Neary
2024-06-21 12:48:43 +0000 UTCAre Polestar really going bankrupt? I thought they were owned by Volvo?
Trevor Sweetnam
2024-06-21 12:46:48 +0000 UTC
