NIO: LIKELY TO PUSH HIGHER AND RETEST $11.17 RESISTANCE
In my opinion, anyone with nio short interest should close their position ASAP. There are way too many positive story lines coming out right, the stock is due for an explosion to the upside. It will happen very quickly, anyone short will be ruined!
The stock has been driven low enough so the big funds can now acquire.
Hong Kong Market is down and so are Li and Xpev but NIO is bucking the trend. Not revolutionary but interesting.
NIO appears to have found a bottom and now moving upwards on both weekly and monthly timeframes. The 20 EMA is on path to crossover the 50 EMA this signals strength to me. Once Pass the weekly resistance $10.55 the next resistance will be the 200 EMA
$11.32 (TP 1)
$12.10 ( TP 2)
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- halfglasswater·2023-07-24Go Nio!1Report