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r/nio
(Investor) I think stock price might hit $4.78 if the 100 day support at $5.47 does not hold.
Investor summaryBearish
NIO performed well, but macro-political tensions could break the $5.47 support, pushing the stock down to $4.78 or lower.
Bull points
- NIO has performed very well recently.
Bear points
- Macro-political tensions and bravado could negatively impact the stock.
- Technical breakdown below the 100-day moving average support at $5.47 could lead to a drop to $4.78 or worse.
Post body
https://preview.redd.it/zjh6i6q20i2h1.png?width=3456&format=png&auto=webp&s=f201b984ba4271195c27e5ca3946ddbc8d304598
NIO did very good. But the Macro political bravado rather than cooling heads prevailing I fear might push the stock to $4.78 or worse.
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