NIO is in the middle of a sales super cycle with the release of three EV's. the ET7 is out and being shipped to Europe, The ES7 comes out in two weeks and the heavily pre ordered ET5 comes out in OCT. At this point, I would not trust any chart to reflect major future events.
solidJaguar75495
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lol 2 weeks late but I agree. Breakout of the handle occurred a few weeks back. Need another green candle tomorrow for further confirmation. Fingers crossed
Zee_Trader
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@solidJaguar75495, True. Below 20.49 its going to $13. break of 21.90 will try to break 23.99.
solidJaguar75495
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@Zee_Trader, 0% chance this hits $13 again. Way to much support at the $19 range. As long as Nancy doesnt pull any stupid shit again this only goes up.
Zee_Trader
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@solidJaguar75495, Never say %0 in this market, who thought nio could go this low when its second best EV car maker. i see those are hard levels of support 20.49, 19, 15 and 13. levels are to break and make.
solidJaguar75495
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@Zee_Trader, That is true. With how much Wall Street is spewing hate on Chinese companies, you never know. Really pisses me off!! Fundamentals are great, technicals are starting to look good and production will be doubling by year end. No brainer buy. Good Luck