$NIO TOP 20
Added 2024-01-23 14:47:50 +0000 UTCWe have all seen the news now that the Chinese policy makers are planning to pump $270 Billion into the Chinese stock market by using companies based outside of China....the Hang Seng reacted very positive to this news and we are seeing that Chinese ADRs reacted strong too.
$NIO is up 12% as of writing this and we can see that the price held at the bottom of the buy zone at the blue line and above the red wedge trend line.
Getting back above $7 is the important level for me, this was a formidable support line in 2023 and regaining this level will be a significant symbol to attract buyers back towards $NIO.
$TSLA reporting a strong beat this weekend from their earnings will also help the sector too.
Comments
I wish Nio would have a good day by itself. Whenever lucid has the same gains, it seems super artificial
ES B
2024-01-23 20:58:59 +0000 UTCPatiently waiting
Steven
2024-01-23 14:49:03 +0000 UTC
