Bullish signals for NIO?
$NIO Inc(NIO.US$ made no new lows on 9th June after the terrible earnings report. It then went on to have a higher close on the next Monday before breaking up past resistance last week!
Going up on bad news is good news for the bulls. Especially when there is still a lot of bearish sentiment among retail.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
sTone83 : Yes, his earnings report looks like crap, but on the chart, he's just bullish, and it's very strong...
逝水流年 sTone83: It's true that his financial report isn't very good. What he's optimistic about is future value; he keeps burning money, and there are people who are always optimistic
逝水流年 sTone83: It's true that his financial report isn't very good. What he's optimistic about is future value; he keeps burning money, and there are people who are always optimistic
逝水流年 sTone83: It's true that his financial report isn't very good. What he's optimistic about is future value; he keeps burning money, and there are people who are always optimistic
MattSullyOP sTone83:
no reason at all to go long fundamentally… so for such a liquid ticker like this, maybe it means there are just no more sellers?