Great cash reserves announced with earnings release. Actual and forecast unit sales were good but some may try to interpret as negative.
Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis).
Careful if it falls below $41.41 may indicate institutional selling.
Market sentiment still biased toward the negative. EV's trading off as group since 2/8/21.
I'm going to limit my trading activity (focusing on 4 stocks) while the NASDAQ works through it's current anti-momentum phase.
I trade NIO and own it as an investment.
Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis).
Careful if it falls below $41.41 may indicate institutional selling.
Market sentiment still biased toward the negative. EV's trading off as group since 2/8/21.
I'm going to limit my trading activity (focusing on 4 stocks) while the NASDAQ works through it's current anti-momentum phase.
I trade NIO and own it as an investment.
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