$NIO TOP 20
Added 2024-05-30 15:47:02 +0000 UTCOk I am going out on a limb here and adding the impulse wave....
I like how the 50 Day MA has held as support and the 0.5 Fib at $4.81 has been doing its job and we got a bounce today, I still need to see the blue line at $5.31 converted back to support and a higher high above $6 to confirm the impulse wave but lets get prepared in the meantime.
I can do anything about $NIO's chart if they do not hit their targets and May figures are out on Saturday, I need $NIO to work with me now, not against me.
So there is a route back to $9.60 in this impulse wave if they continue to hit targets and follow the route of an impulse wave.
Coupled with a reversal from the HSI, this could move well next.
