$NIO TOP 20 UPDATE
Added 2023-03-08 23:14:40 +0000 UTCLooked weak at opening and recovered as the day went by and the $SPY stabilised too. We have got a pull back so far, went down 10% from the high after the bounce from the new low, but so far we have not got a new low or a new high so this structure is still developing, will need a day or two to see where this goes next.
If we zoom out, the trend is very much downward, RSI still not showing a break above the trend line and the MACD is in bear territory. So for now, we do nothing, we wait and keep to our strategy, a very busy week is ahead for the markets and with $TSLA looking weak, this could drag down the EV market.
