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Disclaimer: Historical performance of stocks or indices do not represent future trends. The content in this article is only for information exchanges. Investment is risky, opinions are not investment advice directly.
On Tuesday's trading, $NIO Inc.(NIO)$ was trading above its 200 DMA for the first time since September of 2022.
Editor's notes:
200-DMA（or SMA） are an widely used key indicator by traders and market analysts for check long term support or resistance price for a stock.
The 200-day seems, at times, to serve as an uncanny support level when the price is above the moving average or a resistance level when the price is below it.
As a very long-term moving average, the 200-day SMA is often used in conjunction with other, shorter-term moving averages to show not only the market trend but also to assess the strength of the trend as indicated by the separation between moving average lines. For example, comparing the 50-day SMA and 200-day is relatively common.
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Do you have interest in $NIO Inc.(NIO)$ ?
Do you believe the potential bullish bat pattern still on track on $NIO Inc.(NIO)$ ?
Compare to other star EV star companies like $Tesla Motors(TSLA)$ (YTD 2023 is 118.87%), $Li Auto(LI)$ (YTD 2023 is 75.74%), $Rivian Automotive, Inc.(RIVN)$ (YTD2023 is 38.43%), do you believe $NIO Inc.(NIO)$ would see higher target price?
What's your target price for $NIO Inc.(NIO)$?
Share your special comments on $NIO Inc.(NIO)$ to win tiger coins.
Some other insights from Twitter
Source: ancient warrior @twitter
Source: Harmonic Patterns @twitter
🎁$NIO See Positive 200-DMA Breakout, Sign of Bullish？
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
