Same game plan for $NIO as it is for $BABA and $BIDU....all three are in similar syncs right now and showing signs of starting their subwave 2 now.
50 Day MA is also at the 0.5 Fib here too at $4.80, making this a strong confluence level
The blue line is also at $5.30 which we know was a strong support level this year but was lost in March, so converting this back to support will be a positive development.
All we want to see is support at the appropriate levels now, we don't want squeezes, we want structure.
Earnings are still due but no date set just yet.
Scott Glover
2024-05-07 15:16:08 +0000 UTCScott Glover
2024-05-07 15:16:02 +0000 UTCScott Glover
2024-05-07 15:15:59 +0000 UTC