This is the first time since April 2020 that NIO broke below the 50 EMA. and experiencing the biggest correction in price at the very same time! I believe this correction in NIO has a complete different nature with previous ones, and could be the most corrosive situation for the share holders!
I have been holding NIO since it was $1.44 and I have been adding share eversince. At times I have sold for profit and reloaded. Forget all the hype and enthusiasm; this company has notable potentials and prone to expand significantly beyond manufacturing only vehicles. In my opinion holding is a great long-term advantage.
sanderhamburger
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look, if you say NIO is will crater, then you say Tesla will sell-off and Bitcoin sells off as well.. There is a 1to1 correlation between NIO and Tesla. And there is an incredible correlation between Tesla and Bitcoin. If Tesla SP jumps so will NIO 1 to 1 guaranteed. So any TA for NIO long term is worthless without looking at Tesla's TA
Moshkelgosha
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@sanderhamburger, 5 weeks ago..! Read my Bitcoin and Tesla analysis first!
juliodevelops
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Thanks Moshkelgosha. What do you think makes this correction different?