In both charts, you can easily see NIO is still below the resistance (red) line!
A correction in Speculative assets with high volatility may look like a new bullish trend.
Recently, the production slips 65% according to news!
NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles.
I do not think this type of news could push stocks higher in a long term..!
However, in a few days, anything is possible in the market!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A correction in Speculative assets with high volatility may look like a new bullish trend.
Recently, the production slips 65% according to news!
NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles.
I do not think this type of news could push stocks higher in a long term..!
However, in a few days, anything is possible in the market!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.