$NIO Inc.(NIO)$Cant look at this trend already.
The momentum seems to be like a falling trend for all the Chinese related shares. And the reason is simple.
We cannot survive even with buying the dips as the bear bosses are buying it down. Additionally, the worst may not be over. Not even sure these shares may recover within this year.
I may regretted in investing into these Chinese related shares in the first place, believing that with the recent easing of regulatory measures in China, they mighy recover. However, this might not be the case right now. Moreover, there are lots of minor investors like us holding to high prices and got stuck with closing their trade and cutting their losses and buying in the dips.
To when exactly this trend will reverse? No one knows. Not even the best news will decide the fate of these shares in the short term. Just pray for the best. (Stock trend: 0-1day gain, 4 days weakness)
Comments
This is devastating.