$NIO TOP 20
Added 2024-05-06 10:55:01 +0000 UTC$NIO up another 3% in the PM after the HSI reported another green day, momentum is starting to carry here and my thoughts that US institutions are starting to return to Chinese equities is starting to materialise now.....the argument that Geopolitcal tensions is a factor is now rubbished when there are two wars simultaneously taking place right now and the market is not factoring them in....wars are Geopolitcal issues, two superpowers trading words is not something that concerns me.
$NIO is still holding above the blue line at $5.32 with a small retest of this level on Friday and bounced...this retest is not considered a Subwave 2 pull back so this Subwave 1 bounce may still have more to go before pulling back.
50 MA crossed through the 200 MA on the 1hr chart too which confirms the bullish move over the short term.
Comments
max 9.5 . EV China has too much competition. I think once we reached profitability, should sell. NIO is going to spend more in R&D.
Jedi
2024-05-06 12:00:13 +0000 UTCSeems like Nio is about to burst upward 👆
Scott Glover
2024-05-06 11:28:25 +0000 UTCIt sure does🙏🏻 I am really curious how is this company and stock going to perform in next 1-2 years.
Vojtěch Šimeček
2024-05-06 11:15:20 +0000 UTCHa how many times are we gonna hear this line over soon......jokes aside, the pull back tells us everything we need to know
Gareth Neary
2024-05-06 11:08:58 +0000 UTCMake it stop, so I can by below 5 again🥲😂
Vojtěch Šimeček
2024-05-06 11:08:00 +0000 UTCThank you
Steven
2024-05-06 10:59:30 +0000 UTC
