$268 level is back in play after that steller production number result and smashing estimates...if all EV makers executed like $TSLA does (even if they are at different stages to early stage EV start ups) we would have made a lot of money on our beloved $NIO by now.
A lot of conflicting views here on the chart, the 50 Day MA has crossed over the 200 Day MA which I have highlighted with a white circle, this is a bullish indication, however the RSI and MACD are both showing a trend to the down side, this trend can be changed tomorrow at the opening if the bulls step in due to the production number beat.
For me, holding above $268 is the important level now, if this can be done, the green impulse wave is confirmed and Wave 5 can go as high as $380 by the end of this year.
Arif shaikh
2023-07-06 23:26:52 +0000 UTCDan G
2023-07-05 15:08:10 +0000 UTC