$NIO TOP 20
Added 2023-10-16 11:56:44 +0000 UTC$NIO finished green for the day on Friday after being red for the majority of the day but had a late strong finish, possibly from shorts closing into the weekend in case there are any more positive stimulus announcements over the weekend.
And there was another announcement from China early on Monday morning, as the Chinese Central Bank ramped up liquidity support to the banking system as it rolls out medium-term policy loans today......however there was no changes to the interest rates, the Chinese are cautious about a wide berth between the Chinese Juan and the US Dollar.
We need $NIO to start making moves this week to the upside as this sideways move has been dragging now, it is still making higher lows but the progress is slow. A climb above $9.22 to a new high would be a step in the right direction.
Overall China has been staying quiet on the Middle Eastern conflict and any ties connecting China to Arab support will likely be met with threats from the US of some trade restrictions.
This is the week I want to see some progress now.
Comments
QQQ getting fully pumped and this still teetering. Can't even imagine whats going to happen if there is a market pullback or some bad news YEESH cmon NIO
ES B
2023-10-16 14:30:17 +0000 UTCMe too. Big risk here with Taiwan . If china sides with Palestine then it’s going to get ugly
Steven
2023-10-16 11:58:59 +0000 UTC
