$NIO TOP 20
Added 2024-02-01 15:29:29 +0000 UTC$NIO needs to get back above the blue line which is the bottom of the Buy Zone limit, we can see on the chart that it was a support level on the 22nd and 23rd but lost the line on the 25th and has so far rejected at this line today trying to get back above it.....until the price action gets above this line, the reversal is not on or showing signs of it.
I like that the price action has bounced well on the yellow trend line but the bulls needs to follow through on this price action....the day is still young but I would like to see a hold above $5.83 to finish the week.
Comments
Response is above!
Meesum
2024-02-02 20:38:45 +0000 UTCWould love to hear thoughts on this
Raj Badola
2024-02-02 20:37:57 +0000 UTCCash, P/S, growth trajectory, expanding markets, increasing TAM, economies of sales....none of this has changed
Gareth Neary
2024-02-01 18:16:34 +0000 UTCWhich fundamentals particularly with NIO give you such high conviction?
Jesse Gaffey
2024-02-01 16:53:31 +0000 UTCI’m not selling while their fundamentals remain as they are.
Gareth Neary
2024-02-01 16:48:44 +0000 UTCGood question.
Chris H
2024-02-01 16:24:12 +0000 UTCAt what point would you recommend selling? Or is that not on the table right now
Meesum
2024-02-01 15:42:17 +0000 UTC
