As I have pointed out in my previous analysis (), the recovery has already begun and is right now it is in full swing. My own position is currently up around 40%, and I will continue to hold for the near future.
Bullish on both immediate short term and long term, but we still might see more consolidation in the next few weeks,
This is a classic bubble. May run higher in short term, but long term it will fall to the ground.
NIO's meteoric rise has attracted the attention of many inexperienced investors and short-term traders. Statistically, most of them will get burned by the volatility, but for any investors who are here for the long run, the recent pullback is nothing more but the beginning of another healthy consolidation and it should be welcomed.
BA has just flushed out all the weak hands, and ready for another leg up. The countless shorts opened in recent days will also provide extra fuel when they get squeezed.
The weekly trend has now turned bullish, I am seeing another nice big cup in the making.
Broke through (and remained on top of) major MA. This could be the beginning of the recovery
The super obvious resistance at $10 is going to make this move a self full-filming prophecy.
Extremely over bought in the short term, wait for retracement to around $20-$25.
NIO just came out of the healthy consolidation I have pointed out in my last post. () Very solid pattern so far.
NIO is trying to form a higher low around 3.5. Very healthy consolidation so far.
Sp500 is currently struggling to get back above the trend line.