Earnings on Tuesday before the market opens and the price action looks like it is going to the test the 200 MA on the 1hr chart again shortly, which is not at the blue line, which is the buy zone limit and an important resistance/support level.
The price has rejected here 3 times in Feb, so there will need to be a breakout here before we can be excited.....a positive earnings will do this.
If we can get the same positive momentum from this earnings report as we got in Q3, then $NIO should react positively.
Charles D
2024-03-01 17:13:42 +0000 UTC