Strictly Fibonacci retracement and time zones on NIO. Market seems to have flipped and come September with a 50 point interest increase I think it will slow down the run. This is all assuming the war doesn't get worst between Russia & Ukraine.
Your reasoning is as good as any of the chicken shorters that NEVER risk their own MONEY! Just like craps in the casino, Dont's die just as broke as the Do's.....Remember, it is your money...not the houses...and DON'T bet your own house...
This forecast is out of line with the fundamentals of the company. But I am still happy to see you using Fibonacci to make a bold forecast.
Gus-On
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@Super_B_XinR, My forecast is based solely on technical analysis. I have seen fundamentals with zero effect in the price of a stock and thus have more faith in technical analysis. I love Fib levels because of the accuracy when applied at the right points. Still a gamble. I was expecting a pullback today and tomorrow and hopefully later this week we should see a nice run up.
They_Call_Me_Smarty
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@Gus-On, Good luck with that. If you dont know NIO technical wont help. You need both because NIO is too dynamic for a chart to capture the unknown catalyst's. BYD and Ford are both eyeing deals with NIO. NIO owns part of a revived Lotus. Alibaba just partnered with NIO on VR glasses. All the lower gaps are overfilled