SamSuka
The Long Investor
The Long Investor

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$NIO TOP 20

The timing of $NIO's breakout last Thursday was unfortunate, the market turned very bearish and it is very difficult for a suppressed stock to start its bullish reversal when the overall market sells off unexpectedly like this.

And this is $NIO, it will always test your patience.

Price did drop back into the channel again but crucially held support again on the 0.887 Fib at $4.07, which it has done for the last few months.

Plan remains the same here

We need a break and hold above the 200 Day MA at $4.75 to be happy that a reversal is next.

$NIO TOP 20

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NIO up 4% PM

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