$NIO is still holding this level above the blue line and is not looking like it is making an significant moves anytime soon.
We can also see from the chart that the red line and the yellow bottom line converge exactly at the earnings date in March, meaning that very little may happen here until they report their earnings and the price could still drift down to this area until then.
$NIO is parked on the shelf for me....I am doing nothing with my holdings now, not adding or selling but leaving it idle to ride out this EV sector storm.
I have more than enough stock here and an average of $8.70 and I am comfortable with this.
Samih Ajami
2024-01-30 21:37:37 +0000 UTCStephanie
2024-01-30 18:01:46 +0000 UTCNick
2024-01-30 16:59:38 +0000 UTC