🎁$NIO See Positive 200-DMA Breakout, Sign of Bullish？
💰💰💰Hi Tigers💖💖💖,
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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
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过去一个月，蔚来股票一直处于逐渐上升的趋势，尽管定价环境面临持续挑战，Q2交货量适中，但其价值仍上涨了近20%。市场竞争加剧及中国宏观经济环境恶化，预期蔚来目标保费业务将于短期内面临更大挑战。相对于其大众市场竞争对手的弹性，Q2的交付量下降，也突显出优先考虑可负担性的需求环境正在减弱。展望未来，销量的重新加速——特别是新推出的NT 2.0汽车——将是推动进一步上升潜力和克服近期利润率逆风的关键价值增值因素。
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]
Nio's share price is up almost 8% today and 28% in the past month. I am bullish on Nio with this latest news & its plan to double sales in 2023 with new product lineup. I believe it is undervalued and will go up exponentially in future.
@Trend_Radar