Might as well just say target price is $0 🤣🤣 still give a cute 7 cents
NIO's Stock Appears To Be A Falling Knife
NIO continues to lose market share to competitors as closest peers demonstrate the ability to ramp up faster.The emergence of Xiaomi's electric vehicle poses a big threat to NIO's ET7 model.My target
First 3 months has been well with the AI hype. One of the best 3 months in a long time. Made quite a bit and was actually quite surprised by it. Cash flow has been looking not too bad but still 80% invested in equities. If the feds decides to cut rate, the remaining 20% will be invested into the markets.
With the outflows from the Bitcoin ETF continuing piling on the selling pressure, we should see a downward trend in the price action in the near term. A drop to 59k to 60k range would see a price correction of around 20% from the all time high of 73k. This would also follows the trend of all the previous pre-halving price action of an average 20% correction before the halving takes place. ETF selling pressure could somehow end when bitcoin reach the 60k level before we sees a rebound of back to 68k where we will most likely consolidate until the halving happens.
Bitcoin could somewhat still move further down if we have further outflow from the ETFs. Currently we will be expecting a consolidation phase before the halving next month before we see it breaking the ATH again. I would reckon a drop back to 63k region is still a possibility in the short term.
The no stop loss position is so true. If i am day trading, i will always make sure to close my trade before i sleep regardless of the amount win or loss. Though i am not a pro trader, i do sleep with my face down 🤣🤣