SamSuka
The Long Investor
The Long Investor

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$NIO TOP 20 UPDATE

$NIO was battling again yesterday but managed to finish the day just above the $10.74 level.

We all know how important this level has been.

However, some weakness in the PM now, mainly for Chinese stocks and when I saw weakness, it is very little red not much to be concerned about.

Important earnings today for some Large and Mega Banks, so we won't be surprised by any volatility.

We know that the 200 Day MA is important and staying above this level is bullish and so far, $NIO has been showing strong signs of reversing and staying above the 200 Day MA should keep that momentum.

Losing the 200 Day MA, or worse yet, losing the 200 Day MA, retesting from below and it becomes a resistance level, is not confirming a reversal.....but this has a long way to go to get there.

The fact this is above the 200 Day now means the bulls are still in control.

A bounce on the 200 Day MA at $10.28 on the daily, should be a buy signal.

$NIO TOP 20 UPDATE

Comments

Can you update NIO before market opens today please Gar? Mon 17 Jul

Kevin J

Appreciate that but at the same time it can cause members to be confused when they see a tweet that you have added NIO but it’s not mentioned on this group.

Suresh

You can be sure that if I’m buying $NIO at any stage, the members will know straight away

Gareth Neary

I appreciate that. It’s just that members also see your tweets.

Dan G

General public do not get access to this information

Gareth Neary

A little confusing as your tweet was today.

Dan G

No this was my $NIO buy from two days ago.

Gareth Neary

Why not post alert here!?

Dan G

I saw he posted on twitter

Thomas Macdougall

Have you added more NIO today? Could have sworn I saw a message but no where to be seen now.

Dan G


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