- Only the strong will survive this long-term market
- Will NIO be a major player?
- Hold for a break above 46 region
- Buy the retest when price does break
- Some positive news must be the driver for this market as other EV producers seeing struggles
- With continues price hikes on commodities, we may see struggles
For me, NIO must break 46 regions to force a bullish entry for both a test of the previous high and for a new long-term leg.
- Wait for break and retest
- Hold for MA change in order
- MACD showing some minor divergence to the upside which may present across on the waterline