NIO - Sitting on Key Support

Hello everyone,

I hope you are all doing well!

In this analysis, we have are moving inside a huge channel and are currently at the bottom.

We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $54.

There is possibility of more bad news and break lower. The lowest point would be between $23 and $16, however, I do not think that this is the likely scenario.

Currently, only 18.07% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 81.93% are bought higher than you would buy now ;)

Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back.

Thank you for the attention, I wish you an amazing Friday!