$NIO TOP 20
Added 2024-06-12 10:55:32 +0000 UTCHow many times have we seen $NIO pull back and struggle to find support on the pull back, its been the story for the last 3 years.
Like I said, losing the 0.618 Fib is showing weakness and there is certainly weakness now, next potential support level is the 0.78 Fib at $4.13, losing this level and Bulls have lost it, they are not stepping in.
The decline in the PM now is likely down to the EU imposing further tariffs on Chinese EV's as China policy makers increased the subsidy scheme to Chinese EV buyers this week.
I am holding $NIO but it remains on the shelf and something I have just left there to ignore.
Comments
Hi can I ask you what you think in general about the company from its current fundamentals to the prospect of growth, the management that fails to convince with the continuous money losses and earnings forecasts that are continually missed, and its business model.
Pierre penasa
2024-06-12 13:32:53 +0000 UTC
