$NIO TOP 20
Added 2024-06-04 14:54:44 +0000 UTCIt would be difficult to expect too much movement here as we are so close to earnings on Thursday morning before the market opens.
Structure has not changed and working to test the blue line at $5.30 which we know was a support level earlier in the year but was lost in late March.
Regarding earnings, the best outcome would be that the market considers the worst is behind $NIO and Q2 will be a vast improvement on previous earnings, guidance will be important but the market will already be aware of the Q1 delivery numbers.
$NIO can not afford to miss targets now each month and must get up to the 25k target each month shortly.
I am taking no new position leading into earnings, it is not my style either, I have my shares and they are still sitting on the shelf and I added a small amount again about 2 weeks ago.
Happy with what I am holding right now.
