channel drown in January, fib in October 2019... With the heavy demand in a new Tesla, NIO could be up for a gold rush if they manage record numbers in June (once again after May).
I consider NIO as the only real competitor to Tesla and take them more seriously since they have refocused their strategy last year.
Bonus: Opposite of that scam that is Nikola (NKLA)
With great numbers published for Q1 deliveries and potential an online-only but still maintained battery day in April (20th) just before the Q1 earnings call, we could see the stock rise despite the global pandemic and impact on the market to close the 3 gaps up before going down again as Q2 numbers will be hugely impacted by the shutdown/lockdown.
I dont think...
Overshot 0.618 fib plus hit the lowest of 2020.
GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days!
As usual I don't know what I'm doing.
Textbook move, RSI is now back in a very very good position on 15min, 1h and 4h. We can go and move on to the next resistance/support level (3875 EUR - 4400 USD)
If we break through this one, we are going to start 2019 on bull run! Joe & James are going to FOMO like at the end of 2017!!!
If we don't break it, the bear will be back in charge and we will go test...