🎁$NIO See Positive 200-DMA Breakout, Sign of Bullish？
💰💰💰Hi Tigers💖💖💖,
Trend Radar is an new Tiger Community Official Account going to follow up and publish special movements on special stocks or indexes daily.
We expecting this column of observation to help you be more in-timely and precisely to understand the market and the stock.
Disclaimer: Historical performance of stocks or indices do not represent future trends. The content in this article is only for information exchanges. Investment is risky, opinions are not investment advice directly.
On Tuesday's trading, $NIO Inc.(NIO)$ was trading above its 200 DMA for the first time since September of 2022.
Editor's notes:
200-DMA（or SMA） are an widely used key indicator by traders and market analysts for check long term support or resistance price for a stock.
The 200-day seems, at times, to serve as an uncanny support level when the price is above the moving average or a resistance level when the price is below it.
As a very long-term moving average, the 200-day SMA is often used in conjunction with other, shorter-term moving averages to show not only the market trend but also to assess the strength of the trend as indicated by the separation between moving average lines. For example, comparing the 50-day SMA and 200-day is relatively common.
🎁Rewards: Question For Tigers（All Valid and Top 10 most popular stocks will be rewarded by Tiger Coins. ）
Do you have interest in $NIO Inc.(NIO)$ ?
Do you believe the potential bullish bat pattern still on track on $NIO Inc.(NIO)$ ?
Compare to other star EV star companies like $Tesla Motors(TSLA)$ (YTD 2023 is 118.87%), $Li Auto(LI)$ (YTD 2023 is 75.74%), $Rivian Automotive, Inc.(RIVN)$ (YTD2023 is 38.43%), do you believe $NIO Inc.(NIO)$ would see higher target price?
What's your target price for $NIO Inc.(NIO)$?
Share your special comments on $NIO Inc.(NIO)$ to win tiger coins.
Some other insights from Twitter
Source: ancient warrior @twitter
Source: Harmonic Patterns @twitter
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
NIO Inc. stock has been on a gradual uptrend over the past month, gaining almost 20% in value despite ongoing challenges in the pricing environment and modest Q2 delivery volumes. Rising competition and a deteriorating macroeconomic environment in China are expected to worsen the challenges facing NIO's target premium segment in the near term. Delivery declines observed in Q2 relative to resilience observed at its mass market rivals also underscore a waning demand environment that prioritizes affordability. Looking ahead, re-acceleration in volumes - especially for the newly introduced NT 2.0 vehicles - will be a key value accretive factor to drive further upside potential and overcome near-term headwinds on profit margins.
If you have strong conviction, this may be a potential long-term opportunity [Happy]
@DiAngel @Fenger1188 @SR050321 @JC888 @Universe宇宙 @LMSunshine @Jo_Tan @KYHBKO @pete13 : let’s join [Grin]
蔚来的股价今天上涨了近8%，过去一个月上涨了28%。我看好蔚来的最新消息。其计划通过新产品阵容在2023年将销售额翻一番。我认为它被低估了，未来会成倍上涨。
@Trend_Radar