The Long Investor

$NIO TOP 20

Added 2024-05-28 09:46:30 +0000 UTC

$NIO finished the week on the 0.5 Fib and 50 Day MA at $4.80, a level we had been watching all week and during this pull back.

Impressive numbers out again this week which puts $NIO on track to hit 20k for the month of May

The market will likely appreciate $NIO hitting targets but this must continue, 1 month of hitting targets is not a trend, hopefully this is the start of the progress we have been waiting for.

Up +3% in the PM too, so the market is rewarding this consistency so far.

Let's see if we can get a follow through this week and move higher, a big achievement will be to make a higher high, this will confirm to me that the bounce now out of the wedge is in an impulse wave, so we are looking for a higher above $6.06 next.