$NIO TOP 20
Added 2024-05-13 09:32:22 +0000 UTCBig week for Chinese ADRs this week as many will be reporting earnings: $BABA, $BIDU and $JD being the popular ones.
They will likely move together, starting with $BABA before the market opens tomorrow.
It is already moving well in the PM like $NIO.
I can still only see 1 small wave pull back so far here, so it may bounce today and finish its 3 wave pull back this week to the 50 Day MA at the 0.5 Fib.
Ideally we need to see a 3 wave pull back and confirmation of support before we can confirm Subwave 2 is in and consider a position
Those who have been holding for the last few years may consider adding again shortly if there intention is to hold for long term and will continue to DCA in.
Comments
If we are now moving into Subwave 3, which is not yet confirmed, can you estimate where the impulsive wave might lead?
Thomas
2024-05-13 18:42:32 +0000 UTCOut of powder to add, but here for the ride
Chris H
2024-05-13 14:02:21 +0000 UTC
