$NIO TOP 20
Added 2024-09-05 12:12:06 +0000 UTC$NIO reported a strong and honestly a surprisingly good report, I was not expecting margins and growth at those levels
Especially when we consider what happen exactly 12 months ago when they failed to deliver on their targets, their lowered guidance and disappointing performance
So now we have the 50 Day MA breakout, we also have a higher high, a higher low and a break out of the channel
Since this happened I can add the impulse wave
The 1.618 fib for Subwave 3 is at $4.57, a retest of the 50 Day MA for Subwave 4 then would be ideal, before a move higher for Subwave 5 close to the blue line at $5.32, where the 200 Day MA is moving down to.
This is the perfect scenario for us now.
Not interested in any parabolic moves, steady and controlled is the order I want.
Comments
About time!
Chris H
2024-09-06 09:41:05 +0000 UTC
