Looks like NIO tried to break below the channel but failed. Lets see if it can break above the channel
I'm out at 43, reason is i think it will have a harder time going over the 43.80 mark then
going down until good news or the earnings come out. Id rather buy back in at the sign of a strong uptrend, then down trend or in this case consolidation.
Also not sure if Chinas Monopoly law will affect Nio as much. EX: Chinese regulators proposed rules designed to check the power of e-commerce giants????
So I'm out till I see a strong move one way or another.
WHAT DO YOU THINK, also remember people,,, I'm not a financial analyst, just a guy that DONT KNOW JACK BUT TRING TO MAKE A FEW BUCKS ON THE MARKET.
I'm out at 43, reason is i think it will have a harder time going over the 43.80 mark then
going down until good news or the earnings come out. Id rather buy back in at the sign of a strong uptrend, then down trend or in this case consolidation.
Also not sure if Chinas Monopoly law will affect Nio as much. EX: Chinese regulators proposed rules designed to check the power of e-commerce giants????
So I'm out till I see a strong move one way or another.
WHAT DO YOU THINK, also remember people,,, I'm not a financial analyst, just a guy that DONT KNOW JACK BUT TRING TO MAKE A FEW BUCKS ON THE MARKET.