Bad news just came out for Nio, there is a gap between 14.99$ -16.79$ which might be filled next week, its not clear for how long Nio suspended production because of Covid but deliveries will be affected and market will price this in. Will be great opportunity to buy at lower prices.
Rsi in neutral zone but still pointing down, there is still posibillity to downside. Support level on daily is between 984$- 1011$, MA20 is in between these prices and should act as a strong support, there is a gap at 1087$ which will be filled as soon as pullback is done, above the gap, next resistances will be downtrending line at 1140$ and all time highs at...