$NIO TOP 20
Added 2024-10-26 17:31:30 +0000 UTCNice response from $NIO on Friday to immediately recapture the confluence level above $5.05 and managed to hold above this level to end the week, which was also a hold above the 200 Day MA and the 0.618 Fib too.
The 50 Day is just slightly higher at the blue line at $5.32 now, so holding above this level next week and we have our higher high and higher low.
There is still work to do but bulls are aware of the significance of this level and have been trying to defend it.
The 1.618 Fib at $11.56 will be the Wave 3 target if Wave 2 holds at this confluence level which would be a welcomed target over the next few months.
Comments
How is this not a head and shoulders pattern forming?
Fasih Malik
2024-10-26 21:08:11 +0000 UTC
