Nov. 14 at 12:21 PM
$NIO I feel like selling everything and buying back between 4.00 and 4.50 🤔
After looking at the chart again, I honestly think 4.00 is still possible. The setup is starting to look very similar to what we’ve seen in past cycles. The moving average is clearly broken, momentum flipped negative, and the 6.00–6.20 support didn’t hold at all. When a level fails with no bounce, it usually means algorithms are targeting lower zones.
We still have two open gaps at 5.14 and 4.51, and historically NIO almost always goes back to fill those gaps over time. If 4.51 gets taken out, then 4.00 becomes a natural magnet. It wouldn’t be a surprise considering how the stock has behaved for the last few years… strong rallies, slow bleed, moving-average breakdown, and then a drop back to the bottom of the range. Same movie, different year.
I’m not saying it’s guaranteed, but based on the structure right now, 4.00 is definitely in the cards.
