TSLA and NIO charts today matched precisely to the second for the order flow starting at 2PM when I looked at the individual trades on the NASDAQ.COM "Last 100 trades" table, which lists every trade timestamped to the second.
My conclusion is the entire trading pattern for NIO and TSLA today was pre-programmed using the same algorithm with deterministic timing by the algorithm. To wit, the two purple boxes in charts below shows the minute flow between 2PM and 2:05PM
- At 2:00:00 PM, price starts to fall, with goal of taking out the $45 asks for NIO and the $668 asks for TSLA over the next 4 minutes.
- At exactly 2:02:57, the final consecutive sell segment of the flow kicked in to drop the price to the target.
- Target prices were reached at precisely 2:03:44.
- NIO started to rise immediately upon hitting the target while TSLA overshot the target a bit possibly due to other algos, but rose seconds after.
The fact that TSLA dropped by 0.92% after hours v.s. NIO's dropping of 0.93% AH could also be no coincidence.
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Final sell segment of the algorithm started at 2:03:57 to hit all asks until the target is reached:
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