Can not seem to find any support and the resistance level we highlighted last week has not helped the situation and has now lost the yellow wedge line support level.
This is what we did not want to see and the next area at play is the gap between $4.74 and $5.
$NIO continues to report positive news but we see $TSLA is down -4% today and $NIO down -4% too, it is unlikely that $NIO will reverse or even find support until $TSLA does the same.
Charles D
2024-02-06 00:49:56 +0000 UTCVojtěch Šimeček
2024-02-05 15:19:38 +0000 UTC