NIO vs APPLE
those 2 chart seems pretty similar.
fact is: it's not only NIO. TSLA too is similar, EV stocks are similar, SOLAR stocks are similar, trendies are similar..
and you know what?
APPLE price dropped 80% after that...
check this
and what else do we see?
before that, volume was lowering, but the crash omg, there was so much volume...
and what else?
well, do you see the NATR indicator? there was a BIG spike... signing the bottom basically...
apple was 1 USD before the crash, 25 cents after, and 150 USD now, after almost 20 years.
who else thinks that EV and GREEN ENERGY is the future? well, a lot, especially the younger generation (I'm one of those btw), and guess what? those people are the ones who will be running the world in 20 years from now (I'm 20 right now, in 20 years I'll have a job, and ill be doing my part in the economy, and with my own thought, ALSO about energy usage..).
so, people idea influence the market, and that is why today the green energy market is just at its start, as technology was 20 years ago, when a bunch of young people created Apple, Microsoft, Amazon, Facebook, etc.. and following their belief, the market has grown in that direction.
so, let time do its job, and always use STOP LOSS.
ofc, you could try to short those stocks, but idk, it's not my thing doing so.
thank you for reading till now, and always enjoy your youth.
fact is: it's not only NIO. TSLA too is similar, EV stocks are similar, SOLAR stocks are similar, trendies are similar..
and you know what?
APPLE price dropped 80% after that...
check this
and what else do we see?
before that, volume was lowering, but the crash omg, there was so much volume...
and what else?
well, do you see the NATR indicator? there was a BIG spike... signing the bottom basically...
apple was 1 USD before the crash, 25 cents after, and 150 USD now, after almost 20 years.
who else thinks that EV and GREEN ENERGY is the future? well, a lot, especially the younger generation (I'm one of those btw), and guess what? those people are the ones who will be running the world in 20 years from now (I'm 20 right now, in 20 years I'll have a job, and ill be doing my part in the economy, and with my own thought, ALSO about energy usage..).
so, people idea influence the market, and that is why today the green energy market is just at its start, as technology was 20 years ago, when a bunch of young people created Apple, Microsoft, Amazon, Facebook, etc.. and following their belief, the market has grown in that direction.
so, let time do its job, and always use STOP LOSS.
ofc, you could try to short those stocks, but idk, it's not my thing doing so.
thank you for reading till now, and always enjoy your youth.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.