$NIO TOP 20
Added 2024-12-02 13:22:36 +0000 UTC$NIO is moving like the other Chinese ADRs we are following
Sellers look like they are exhausted, indications are rounding out and showing signs of reversing, support is still struggling a little bit at $4.50 but nevertheless still at the 0.78 Fib
Yes the 0.887 Fib at $4.09 is still a possibility but I believe $NIO is more leaning on the side of reversing then more downside.
If the HSI, $BADA, $BIDU etc start reversing, I suspect $NIO will too.
