NIO Inc.Long
NIO, TEST DUMMIES NEEDED, BUY THE DIP OR LET CRASH?
Updated
I like the Chinese stocks
Nio is one of them
There is some downside showing still as far as I can tell
It is leading to an old support trend, however, I don't know if that is relevant anymore.
I like the potential of buy the dip under $5.4
Subject to change quickly.
but right now, bullish on the next decent dip.
Drawn in line is what I'm currently seeing as an ideal scenario, do not follow line, instead follow trends and price targets. Line is often inaccurate, but helps me reanalyze my indicators.
The lowest number I could see was around 2.8 or 2.9. unlikely, but you never know, completely possible.
After 14.9, it can go higher, but a new chart will be needed, and will likely be needed before that point arrives.
Nio is one of them
There is some downside showing still as far as I can tell
It is leading to an old support trend, however, I don't know if that is relevant anymore.
I like the potential of buy the dip under $5.4
Subject to change quickly.
but right now, bullish on the next decent dip.
Drawn in line is what I'm currently seeing as an ideal scenario, do not follow line, instead follow trends and price targets. Line is often inaccurate, but helps me reanalyze my indicators.
The lowest number I could see was around 2.8 or 2.9. unlikely, but you never know, completely possible.
After 14.9, it can go higher, but a new chart will be needed, and will likely be needed before that point arrives.
Note
I linked BABA preliminary chart,Is Zoom Chinese? Either way, linked that too.
Note
Alert triggered for buying.This alert does not mean buy asap.
It means, if it is within your strategy, and you feel comfortable buying, you have favorable odds at this price level and below.
Note
Bounce at 5.4IT can go lower, but we also may have seen a short term bottom.
It needs to keep climbing otherwise we'll likely see a rejection and the downside of $4.
Potential to see it move to $8 and beyond
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Venmo: @nicktussing
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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