$NIO TOP 20
Added 2023-10-18 12:03:36 +0000 UTCAnother sideways move yesterday, still trading along the 0.618 Fib support at $8.43 and just under the 50 Day MA at $8.60.
Unless $NIO can get above this level and hold, this will continue moving sideways.
The 200 Day MA is above at $9.07 now and continues to drift down, if this continues, the 50 and 200 Day MA will meet shortly, putting more pressure on this sideways movement.
I do not expect this movement to continue, something will need to give soon, we of course want this to break to the upside
$NIO announced today that they are considering tapping dealers in Europe to help boost sales, this may be a push to help European customers switch from European made cars to Chinese made cars, which has never been done before.
It must be said that $BYD has been doing a great job expanding in Europe and showcasing how well Chinese cars are made. $NIO could benefit from this shift too.
Comments
Just following the recipe. For myself I like to target just above the buy zone 90c-60c and dca into the zone a buffer just in case it pops quickly ..I learned this lesson earlier and didn't have the position size I wanted.
Scott Glover
2023-10-18 23:20:16 +0000 UTCYa I think there’s some real issues with NIO that need to be addressed . Even China doesn’t seem to take the brand that seriously. I do think battery swapping over time will prove to be the best option .. but they need to get this sub brand going ASAP
David Parks
2023-10-18 14:55:04 +0000 UTCNio cars are awesome! We just dont see many (yet) but same was with Tesla
Federico Salerno
2023-10-18 14:18:19 +0000 UTC"User enterprise" BS isn't working.
MK
2023-10-18 12:43:01 +0000 UTCNIO has a serious demand problem. People just not buying their cars
MK
2023-10-18 12:42:20 +0000 UTCNIO needs a new and focused CEO. William Li seems to have totally lost the plot with nonsense like NIO Houses, NIO Mobile phone etc etc. Hearing that NIO also provides domestic cleaners for customers. This guy hasn't yet got his core business going and yet is getting distracted by all sorts of nonsense. Delivery numbers continue to be PATHETIC
MK
2023-10-18 12:41:43 +0000 UTC
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