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The 30-minute level looks at next week's short-term trends

$NIO Inc(NIO.US)$ It is a long-time potential stock that most retail investors are optimistic about. Let me simply share my opinion...

Data such as delivery volume and revenue for Q1 in '21 exceeded expectations, but the chip supply shortage and NASDAQ pullback pressure came at the wrong time. It fell from over $40 to $30 in just 2 weeks, breaking the record for a decline in the previous few months. Judging from trading volume and growth, the rebound on Friday was not very strong. The reason was that investors were concerned about short-term chip market supply. Although the April delivery data reached 128%, due to short-term chip supply pressure, investors were concerned $NIO Inc(NIO.US)$ I'm worried about future delivery expectations. Judging from the news, NIO's stock price will continue to be under pressure. Under the current uncertain market trend, the risk of NIO's stock price falling again is likely to return to the support level around $32 next week, but this support is not strong. If the market steps back again, there is still a risk that NIO's stock price will break down and fall back to $30 or below, so friends planning to enter the market still need to wait patiently. The short-term upward pressure is around $35, and a breakthrough requires observing whether there are significant changes in trading volume before making further decisions. Remember that there is no bottom in the stock market; some of them are support levels. You're not afraid to buy stocks too expensive; you're afraid the timing is wrong! Options traders should avoid NIO as much as possible and pay attention to the impact of short-term volatility...
The 30-minute level looks at next week's short-term trends
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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