$NIO TOP 20
Added 2024-10-17 10:16:49 +0000 UTC$NIO has now dropped right down to the blue support line now in the PM at $5.35 and those who have been with me for a long time will remember that this was the original limit of the Buy Zone, so this $5.35 level has support history.
Below this level and we have the confluence level at the 0.618 Fib and 200 Day MA at exactly the $5.18 level
A remarkable coincidence.
And to add to this, the 50 Day MA is coming from below too to offer further support.
This is a very strong confluence level so we need $NIO to hold here at this level, we may get a flush down to this level at the opening but we want to see it hold here, it may overshoot but holding on this level today will be significant.
Next we will want to see the price action confirm this level as support confirmation and then I will double my position in $NIO.
Comments
Why do you use MA vs EMA?
slappindabass
2024-10-17 18:13:53 +0000 UTCWhat would it mean for the chart or count if NIO touches the 4.7-4.8 level?
bzezmoney
2024-10-17 14:03:28 +0000 UTCThat doesn't matter here. I want to estimate how much weight NIO has for the Ling Investor. For me it's all a business and an investment.
Ilia$
2024-10-17 11:49:38 +0000 UTCTrade/ invest what you’re comfortable with. Don’t base your size off of others
Scott Inderwies
2024-10-17 10:57:47 +0000 UTCFor one person 5,000 is a lot, for another 100,000. I have about 14,000 shares. If The Long Investor doubles, what does that mean? 1,000 shares or more, because for me that means another 14,000 shares.
Ilia$
2024-10-17 10:54:16 +0000 UTCThat’s it
Gareth Neary
2024-10-17 10:48:52 +0000 UTCOvershooting means it may go down intraday to e.g. 5.00 but the important part is that it closes at or above 5.18, correct?
Nick
2024-10-17 10:35:47 +0000 UTCAll in :)
GM
2024-10-17 10:25:51 +0000 UTCTo understand the dimensions, what does doubling mean? 100K range, 50K range or 5K range?
Ilia$
2024-10-17 10:23:31 +0000 UTCCurrently 5.33, just below that 5.35 level, hopefully we’re on for 5.18
Barney
2024-10-17 10:21:57 +0000 UTC
