The Long Investor

$NIO TOP 20

Added 2023-09-06 10:10:32 +0000 UTC

I uploaded $NIO twice yesterday so we could stay on top of how it is moving and there was not much changes after that update.

The price stayed above the 50 Day MA on the 1hr chart, the 50 Day MA is at $10.72.

This movement sideways could continue for awhile.

$NIO CEO Li is speaking at the World New Vehicle Conference today in Munich, I believe in the next 10 mins and the Mercedes CEO is due to speak too, there is talks of some sort of collaboration between the two but for now, this is just rumours.

For the 1hr chart, the 200 Day MA is above at $12.46, this would be a very big statement to get above this level

But for me, I am focusing on the daily chart, where the 50 Day MA is just above at $11.53, if the price can get above this level then $NIO is above its 50 and 200 Day MA on the daily chart and would confirm the trend to the upside.

Still for now, we need to wait.....I have no issue with this, the chart is not showing much concerns.