$NIO TOP 20 UPDATE
Added 2023-03-31 17:52:55 +0000 UTCFlat day so far for $NIO, pulled back yesterday after reaching the yellow trend line we spoke about, the RSI on the 1HR yesterday was at 90+ so it was unlikely to have the legs to continue through that resistance level. Watching the pull back now, so far it can't get above the local 0.618 Fib and the RSI is reducing....it may have another attempt at the trend resistance line on Monday but my belief is that it will reject here again.
March production numbers will be released tomorrow, possibly into the close today we will see some movement with the share price.
With the ET7 discontinuing their current model, there must have been a number of issues with it and this may affect the numbers.
Still no buy for me, I can only see an ABC count for now and if this rejects again trying to break through this trend resistance line, we can expect this to come down to new lows.
Comments
I hold $FSR as I have held this for a number of years now, it is my one high risk stock but I like their operations and their future guidance. If $LCID can reach $5, it is worth looking at.
Gareth Neary
2023-03-31 19:13:33 +0000 UTCIs NIO the only EV you are looking to buy? I have noticed you have a buy zone on LCID as well in the $5 area?
Oba
2023-03-31 17:55:34 +0000 UTC
