$NIO TOP 20
Added 2024-03-15 14:05:07 +0000 UTCVery difficult week for the EV sector, particularly $TSLA and $FSR, so it was unlikely the time where $NIO breaks out of its 10 month downward trend in this wedge.
We wanted the pull back to hold the blue line at $5.83, which has been a bull/bear flip line since the start of this year.
What we do see is that the price held the 0.5 Fib exactly at $5.56 instead.....respecting Fib levels is encouraging.
We want to see $5.83 recaptured first before a retest of the wedge breakout level again.
Comments
Keeping faith. $NIO
Charles D
2024-03-16 14:06:35 +0000 UTC
