$NIO TOP 20
Added 2024-05-14 16:15:31 +0000 UTCIt is hard to not like $NIO here.
Price has now flipped the blue line to support convincingly now, which we know was a previous support line in Feb and March.
Price action also used the confluence level at the 0.38 Fib, just above the 50 Day MA and the blue line as a support level to bounce and now up 7% now.
Next stop could be the next blue support line at $7.
Again, flipping this to support and we have a consistent price action and strong bullish indications.
Only hurdle left will be the 200 Day MA at $7.50.
Stick with it.
Comments
Are we still likely to pull back to the 50DMA and .5 fib as guided earlier in the week?
Karl
2024-05-14 23:34:04 +0000 UTCStill waiting for 4.80 to CDA
Sofiane
2024-05-14 16:45:31 +0000 UTCIF we are now in wave 3, where would the 1.618 fib level take us to?
Seamas
2024-05-14 16:37:33 +0000 UTC😍
Steven
2024-05-14 16:33:16 +0000 UTCDo you think we are in Subwave 3 now?
Thomas
2024-05-14 16:29:39 +0000 UTC
