$NIO Sharing my Charts, $8 dollars an important Zone. been a bad few years and $Nio is currently Showing many confluences to the upside. Third time a charm? Break that $8 bucks.
BTW My Elliot Wave Counts with Fibo extensions and Volume. Always try my best to clean up my counts
$NIO $20 Billion Revenues, $7 Billion Cash, Profitable, $12 Billion market cap
Trading 0.6x sales, 1.7x cash. There is no other EV company priced anywhere near these ridiculously low levels…
$NIO there is absolutely no reason to panic here.
We had to see a higher low for Subwaves 1 and 2 of Wave 3.
We have now seen that.
Flip $6 to support and the door is open for a move up to $8.
I will also share $XPEV and $TSLA charts today
$NIO The market is just hanging on by the nails to keep the SP down. Because of all the open positions they took ($4.50??) thinking that NIO Inc will go back to losses in Q1 results. They were wrong. NFA, DYODD
$NIO
Remember the days when stock was moving a dollar a day, those days will be back again sooner than you think! Diamonds hands and not selling a single share gang!
$NIO $BABA $XPEV $PDD
$FUTU $TIGR
Back in 2021 there was this same crackdown news.
Almost all Chinese ADRs dumped hard.
Many mainland Chinese were dumping and cashing out their holdings before authorities stepped in.
That’s why the selloff…
At the same time the delisting FUDS were also ongoing
That is a one of the reason many ADRs started to have secondary listings or Dual listings in China or HSI.