$NIO TOP 20
Added 2024-09-09 16:28:23 +0000 UTCThe weekend chart update covered us nicely for the price action today
Price dropped -5% at the open but is now up +8% now and testing its 200 Day MA which we spoke about yesterday.
We want $NIO to continue following what we expect so we can take advantage
Ideally we want to see a pull back now for the 0.38 Fib at $4.77
I am happy that we've had a strong bounce but I do not want to see the structure going unstable by any parabolic move
I expect the 200 Day MA to offer resistance, only if we see a breakout above this level and converting this level to support and showing strength will I be comfortable.
But very nice move today and if there was a stop loss raid at the open, it means someone wanted cheap shares....which is a nice sight.
Comments
Still no buy signal Cap, if it goes up i think we should be satisfied with our load until now. Correct or do you plan another add?
WallyN 🇷🇴
2024-09-09 18:33:58 +0000 UTC?
Gareth Neary
2024-09-09 17:18:35 +0000 UTCOuch
WallyN 🇷🇴
2024-09-09 17:15:13 +0000 UTC
