$NIO TOP 20
Added 2024-07-02 15:18:51 +0000 UTC$NIO positive day yesterday for $NIO and staying green today but held short of breaking above the 0.618 Fib today.
In a channel now and we need to see some continuation higher, a break above the 0.618 Fib, the channel trend line and for me, the 50 Day MA will be a big statement, especially holding above this level, this could all happen in one day quite easily but after a strong day yesterday, it's normally not typical to have another +7% day back to back.
The week is still early however.
I don't hear many people adding at this level and that makes sense, I think waiting until the $5.32 blue line is recaptured first lowers the risk here.
Comments
I think we are close...
Gareth Neary
2024-07-02 15:25:37 +0000 UTCPretty mind blowing there aren't buyers stepping in after monthly and quarterly highs. Seems not too long ago even the biggest Nio Bears would say "I'll buy back in when it gets to $5" and then laugh because even they thought that number was absurd.
ES B
2024-07-02 15:23:55 +0000 UTC
