Sitting at lower limit of 1 std deviation channel.
Currently at same price as Jan 15th and Nov 24th.
Selling off from Jan 11th, post NIO-day rally (where it gapped opened almost $7).
Note almost every day since Jan 11th has been on below average volume.
I think $NIO closes February closer to $70 than $60 (upper half of the linear regression channel).
Currently at same price as Jan 15th and Nov 24th.
Selling off from Jan 11th, post NIO-day rally (where it gapped opened almost $7).
Note almost every day since Jan 11th has been on below average volume.
I think $NIO closes February closer to $70 than $60 (upper half of the linear regression channel).
Komen:
Added some $XPEV today. Which appears to be trading in tandem with $NIO
Might just be more traders interested in trading big $NDX names during the earnings release. Just not many buyers for the $NIO and $XPEV right now.