NIO Inc.Largo
NIO purely technical play
Actualizado
As per chart, I think NIO will be a good short-term buying opportunity. NIO
A retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA...
Look to enter anything above 15/Sub 20$.
EV stocks have taken a battering just like the rest of the market, but I believe we may see a short-term rally before another dump down in Q1-Q1 2023.
Monthly high of 13$ in December would be ideal, and it can definitely still reach it before NY. That would also be ideal TP1. TP2 at 15$...
(Disclaimer pure technical play, no fundamental analysis)
NIOA retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA...
Look to enter anything above 15/Sub 20$.
EV stocks have taken a battering just like the rest of the market, but I believe we may see a short-term rally before another dump down in Q1-Q1 2023.
Monthly high of 13$ in December would be ideal, and it can definitely still reach it before NY. That would also be ideal TP1. TP2 at 15$...
(Disclaimer pure technical play, no fundamental analysis)
Nota
TP at $14. Looking to renter at $11. Will switch to short at $20.
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