To The Moon

huat ah! how high can it go?

Sharing this taken from a recent news article. It's not going to end well for some EV's. Maybe most of them even as they race to the bottom....... "A brutal price war is raging across China's auto sector, catalyzing a profound overhaul of the world's largest car market, as makers of new energy vehicles and conventional fossil fuel cars face off to win a greater share of a market rattled by slowing sales. The first shot was fired by U.S. electric vehicle (EV) maker Tesla Inc., which late last year rolled out massive subsidies and price cuts to spur sales. A flurry of domestic and foreign EV-makers followed suit, with BYD, XPeng, Nio and Volkswagen all racing to win customers by offering generous discounts."

$NIO Inc.(NIO)$ #NIO Price consolidated since my last analysis. Price previously left an equal lows at 8.03 behind and is now trapped between that and the clean highs at 9.70. Right now, it's unclear where price will move, but I'm expecting the equal lows to be taken with the intention of mitigating the bullish POI below. https://www.tradingview.com/chart/NIO/0kE2nvUC-NIO-Analysis/

Bank Collapse 2023 | Silicon Valley Bank vs Dodd Frank Act

Monthly SummaryInflation worries persisted in February as government data revealed stubbornly elevated prices for food and energy. As a result, the Federal Reserve’s policy on additional rate increases continues to bombard the equity and bond markets. The Fed’s concern is that it might relent too soon in combating inflation, so it is expected to continue on its rate increase trajectory until economic data proves otherwise.Recent economic terms highlighted in the media include soft landing and hard landing. A soft landing indicates a non-recessionary outcome after the Fed stops raising rates, while a hard landing denotes a recessionary environment. Many economists believe that it is too soon to determine which may occur yet believe that an extended period of rate hikes likens the possibilit