I am on the West Coast of the US for the week, so this is locally earlier than I normally post my $NIO chart, you gotta get up very early to catch the PM on the West coast!
Yesterday was a positive day for $NIO and performing very well so far today, for me I still think $NIO comes down a little more before going back up but I would be happy to be wrong here.
The price is still sitting between the 50 and 200 Day MA, so really not much has changed this week apart from positive sentiment brought into the EV market with the help of $TSLA.
The 50 Day MA is at $11.54, only when the price gets above this level and holds can we consider that a reversal is happening.
My plan remains the same, if we get a flush down to $9, I am buying regardless.
jaime cerrato
2023-09-12 14:35:59 +0000 UTCPaul Endy
2023-09-12 14:35:16 +0000 UTC