It is worth seeing where the buy zone came from.
It is the historical support and resistance level since $NIO IPO'd and is a level we have considered to be undervalued with a margin of safety.
We can see from the blue line where $NIO showed support and resistance between this area back in 2019 - 2020.
$NIO has tested the bottom of the buy zone twice now at $5.83, to lose this level and the yellow trend line is the next support line at $5.50....below this level and $NIO is in a lot of pain.....even more pain*
Jedi
2024-01-26 00:00:16 +0000 UTCMilton Sosa
2024-01-25 19:13:26 +0000 UTCHamzah Saleh
2024-01-25 19:08:07 +0000 UTCHirensinh Rana
2024-01-25 18:41:36 +0000 UTCVojtěch Šimeček
2024-01-25 18:39:33 +0000 UTCSteven
2024-01-25 18:39:11 +0000 UTCHirensinh Rana
2024-01-25 18:31:39 +0000 UTC