$NIO TOP 20
Added 2024-09-11 18:56:46 +0000 UTCBuyers have certainly been stepping in and i'll just stop myself short of saying this is a parabolic move now for one reason......if we zoom out to the weekly chart, we can see that the 50 WMA is very clear here and this is looking like where the bulls are sending this to for a test, which is at $5.84 now.
I have moved the white fib levels to show where the 0.38 Fib and 0.5 Fib can go to at this point and the 0.38 Fib is at $5 now.
Its great that we are getting a strong bounce but I just want to see an impulse count, 3 waves is not sufficient so far
I have charted $NIO for 4 years straight, it has given us everything to digest but we need an impulse structure now
Comments
?
Gareth Neary
2024-09-12 10:33:03 +0000 UTCQqq
Nth73
2024-09-12 10:32:44 +0000 UTC
