Few concerns voiced yesterday about $NIO but the fact remains, the price is still above the 200 Day MA and testing from above.
I get the worries, $NIO has broken many hearts on this ride down. We will believe the full reversal when this starts moving higher.
The PM performance so far has nearly recovered all losses from yesterday so we might see a good day today....Chinese stocks look healthy this morning.
I am keeping with this count and as long as the 200 Day MA remains a support level, this is little to discuss or be concerned about.
Andrei Buliga
2023-07-20 07:24:00 +0000 UTCGareth Neary
2023-07-19 22:24:02 +0000 UTCDevon Thomas
2023-07-19 22:22:41 +0000 UTC