Nio may look interesting here but i am chosing to stay away.
If it doesn't reverse and break 40/41$, i think the stock can end up at sub 30$. IF that does happen, i will pay closer attention and maybe pick up some shares.
For now, i remain bearish on this EV stock, until price moves up and until the 20 MA can regain momentum over the 50 MA.
Been in a downtrend after a false breakout of the descending triangle.
If it doesn't reverse and break 40/41$, i think the stock can end up at sub 30$. IF that does happen, i will pay closer attention and maybe pick up some shares.
For now, i remain bearish on this EV stock, until price moves up and until the 20 MA can regain momentum over the 50 MA.
Been in a downtrend after a false breakout of the descending triangle.