China says no more tit for tat tariffs? How will Mr Trump respond?
Nio Inc. has tentatively broken out of the wedge, do we dare long? I'm watching still. Break of 20 MA is definitely bullish for me.
/* Not trading advice. Just an idea in development. Trade not active */
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Trump reacts to China good will with more tariffs this time on imports of consumer goods from China such as electronics and shoes. China responds with tariffs on US oil.
I think this is pretty short sighted, consumption is the basis of the US economy. Before Trump's tariffs had an indirect effect on consumers, now they will target their pockets. Also many Trump voters depend on Walmart and other low cost distributors of Chinese imports both as customers and employees.
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NIO INC falls back down below the support I am watching.
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Neo pamping
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lol Nio Inc. pamping
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NIO Inc
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NIO INC not looking so great now. Retreat, regroup, reassess.
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NIO INC dumps to 1.618 retrace from the top and 1.236 retrace from this impulse wave. Just waiting to see where this goes.
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NIO INC hit golden ratio retrace level after bear pennant breakout. If it doesn't rally from here, then forget it.
Agreed, would be a great play if positive news comes from US market. On my watchlist. However I believe the US markets will take a sharp turn down over the next month, unless we come to a resolution with china.