Trap? Past few rebound easily seen $5 a day. We are yet to cross $35.
$NIO Inc(NIO.US$ you sure its going up? why is it still bellw $35. give me a good reason why it looks so weak
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ramenbowl : cause a stock that gained 1100% in a year needs a nice little long break?
huatSG ramenbowl : you mean tesla is doing very well now?
Oomoom OP huatSG : That’s part of the reason I’m asking is it really going up? Just looks a big trap for me. I hope I’m wrong. Must at least break 35 before I’m convinced
102994327 : gogogo
OldNormanBates : international auto Chip Shortage is causing manufacturing of vehicles to be delayed , which caused NIO to go from 55 to 30.Now just recovering. Patience is needed for this to fully rebound, the entire automotive sector has taken a big tumble from the Chip Shortage.
Mcsnacks H Tupack : It doesn’t have enough volume to cross the 20ma. Until then it’s going to trade sideways
huatSG Mcsnacks H Tupack : might go back 32?
Sinnedmal : It looks like the shortages in chips affecting every industrial that requires it to impact the shares
Mcsnacks H Tupack huatSG : Doesnt look like that far. Looks like sideways between 33.46 and 34.78. Until the volume builds up enough to get it across the 20ma at 36.45
Oomoom OP : What I know is copper shortage is also limiting supply to EV industry. What can you do when demand for motor/copper goes up so sudden. Can it be even real?
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