I had a long analysis on NIO, on January 2nd, target 35%, I updated the trade on January 11th, target reached at 65 USD. Since January 30, I published multiple Short analysis on NIO, from 57 to the last one at 45 share price!( evidences in related links) On February 18th I published a review on 10 most traded EV makers stocks and I said they are all exhausted and correction seems inevitable! At this moment most of 9 out 10 corrected more than 20% in just 2 weeks. I have enough reason to say they will experience more correction! But I may miss something that needs to be fixed. Here is the daily, weekly and monthly chart in one view which may help us for better analysis! Please if you have evidence that indicates my analysis is wrong, write a comment and explain it
I believe learning is a constant process and it will be stopped by death, who knows maybe it won’t stop even after that! Moshkelgosha
I think the entire tech sector and high growth space is going through a ABC correction (in general) and that we may be in the C wave of that correction. We should see a bottom forming soon at which point we can resume the uptrend to ATH for the NDX and many of these stocks. At a minimum, if the ABC down is just a higher order A, then we should see a decent bounce to a higher order B (if not an impulse to the upside to resume bull trend) before going back down. Important to buy in to catch that B or 1-2-3-4-5 bounce. Thoughts?
Which one is the 10th, and what about CCIV (LUCID)? Please advise. thanks
techserve2020
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Great Analysis, I am a fan, MoshkelgoshA. I AM QUITTING MY POSITION IN BOTH LI AND NIO. Let us see what happens, already lost 3000 in both.
kamileo
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Hi, first of all I appreciate your analysis. It has been very accurate so far. I just checked that NIO's MACD converges with the downtrend as well the downward volume slope. So in my opinion it has no signs of possible reversal. Not yet. Overall in the long term I think it's a 100$+ stock, but now its just weak speaking of the trend.