$NIO TOP 20
Added 2024-03-12 13:43:42 +0000 UTCNeedless to say we are happy to see the 200 MA has been comfortably broken and the price is about to test the red wedge trendline which is also the previous high at $6.33.
A breakout of this level would be significant as this wedge of doom has been in place since the $16 high all the way back in August '23.
What we want to see is a breakout of this wedge and a move up to $7, above $7 and this becomes a support level, we can start being optimistic.
Comments
Never emotional, always rational! Thanks captain, you are a light in the dark! 💪🏻
Federico Salerno
2024-03-12 13:47:20 +0000 UTC
