jeffreyc96

$NIO Short Term Bearish for the week of July 24

Short
NYSE:NIO   NIO INC
pretty solid formed falling channel on the hour for $NIO, I expect a drop to 9 bucks next week and then a bounce.

Comments

It is the geopolitical rhetoric that is weighing on investor sentiment, all other indications are very favorable for an upward movement. Would the same geopolitical effects affect TSLA which is an American company and BYDDY where Warren Buffet has 25% share on? Is this helpful for us here in the US or is it going to be like throwing a stone at an opponent while living in a glass building ?
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With the u.s. bashing china...(kungflu) and other rhetoric coming from Washington, it makes you wonder if Chinese nationalism will over power tesla in the country ?
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10.39 is the 50 day moving avg. if it goes below that I’m out.
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Total 3918 cars was delivered by July 17th, likely is gonna up on Monday. Hope you did put your stop loss. Good luck.
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AdamLoo pokestar2019
@pokestar2019, where you get the delivered number?
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@AdamLoo, search 50000th Nio. End of June there were 46082 EVs delivered.
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Can go two ways, showed very strong support, also oversold. Might break out on top?
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