The Long Investor

$NIO TOP 20

Added 2024-01-12 15:41:09 +0000 UTC

A relentless start to the new year for $NIO, 30% bounce from mid December has almost been erased now and the enthusiasm from $NIO day and CEO Li showcasing the 1000Km range seems a distance memory.....we are waiting to see if $7 is tested again.

So far $NIO has just been flirting with the last Fib support level on the 0.887 Fib at $7.30.....this is a delicate place to be, any flush here and this could drop down to $7 very quickly for a test.

$TSLA continues to bleed too and $NIO and $TSLA have had the exact same performance over the last 12 days, sharp downward move.

I am not selling regardless, I didn't sell in June at $7, nor in December and I won't be selling here either.