Looks like correcting is over. Try to buy on a correction to broked triangle (13.5). But it is a bit risky so my stock volume is low. I am expecting deeper correction to area 8-10
Trade active
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Order cancelled
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NIO is shifted its Q2 report to Aug 11. Also, I am not like the position in general and wait for further correction. I am out.
Thanks for the analysis. Are you saying it will go higher from 13.50?
nomad-ua
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@Stkmk, fundamentally experts are positive regarding it because it might be a new Tesla. But technically I see that it can go to correction. So I entered with a low volume. So I am ok to lost but reenter with a better price.
I bought at 14 so im deciding if i should hold or sell and wait for it to drop more
nomad-ua
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@Stkmk, It is up to you and your strategy. I will sell if it drops below 11. It might drop up to 8 in this case.
leolfds
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@Stkmk, Only sell if the fundamentals are wrong. NIO is winner long term. You just need to have patience and ride through the ups and downs. If the fundamentals are there, and you believe in the stock, you buy more on the dips and cost average down. NIO based on its current valuation should be trading much higher. Ultimately it is your decision. Good luck!