$NIO TOP 20
Added 2024-01-17 11:41:00 +0000 UTCWe are seeing signs of capitulation in the Chinese market at the moment and Chinese ADRs are really feeling it today.
This will continue to trigger people to sell and that is what we are seeing in the PM now, down another -5% after a difficult day yesterday.
The bottom of the buy zone is at $5.83 and the bottom yellow trend line, which is the final support level we have is at $5.50 now.
This is not what anyone wanted to see and I understand that people are concerned.
UAE invested fund is now down $400 million on their buy last month now too.
I bought yesterday because I was comfortable with lowering my average and I will add only again when I see signs of support, otherwise $NIO is left on the shelf for me and I will focus on the remaining 80% of my portfolio.
Comments
Yes I will do this
Gareth Neary
2024-01-17 13:27:44 +0000 UTCJust a polite suggestion Gareth, further to your twitter post recently regarding the US market topping as the Chinese market is bottoming, it could be helpful to chart the HSI as to where support/a bottom may be found?
Seamas
2024-01-17 13:11:42 +0000 UTChttps://ir.nio.com/news-releases/news-release-details/nio-inc-announces-repurchase-right-notification-000-convertible
Hamzah Saleh
2024-01-17 13:10:17 +0000 UTCNio have difficult time now due to Chinese slow economy
Arif shaikh
2024-01-17 12:10:35 +0000 UTCHey Gar, im curious.. The amount you invested yesterday represents how much (in %) of your total NIO holding as it stands today?
Nick
2024-01-17 11:47:07 +0000 UTC
