as noted on my last post I grab some share at 13 my first middle "golden zone" when it drop down to 10ish I loaded some more.
and if it drop down to 7 best believe I'm load even more. WHY?!?!?!?!?!?! well read below.
I still firmly believe in this company as a whole. especially when you add the pollutions problem in china, plus the ccp dump close to 1 billion...
NIO BACK BY CHINA GOV
AS we can see nio LOOKS LIKE A BUBBLE...but it isn't WHY?
lets break it down the my chart is basically saying there will be a SELL OFF but it will go right back up and even higher
people are going to either sell half or less maybe 20-30% of there positions to lock in there investment and let the other half that they made...
keep your eyes out on this ones folks.
we are still bullish long term. that being said there been a dip in this stock as of lately.
we are at a "price action point" come Monday depending on the market we might break support I won't do anything as of yet I would let the market show its hands.
hoping it would drop down a bit maybe to around 3.90-3.70 I...
if it break pass previous resistance line its gonna go up up up and away
if it break pass previous minor support line is gonna go down down baby
at the moment the market is about to be done consolidation pretty soon..
I set up those minor support and resistance once I see it moves closer or even break pass those points of indicator I will then be entering the...