$NIO TOP 20
Added 2024-01-05 15:53:29 +0000 UTCVery little to mention here because I think we all know that holding $8 is important, as its the 0.618 Fib, the First Target and the 200 Day MA on the 1hr chart.
Losing this level and this will show weakness, it does not invalidate the chart but the bulls need to show their teeth now and starting fighting.
Overall, I am happy with this structure and we always look for a Wave 2 pull back to go to the 0.618 Fib, as this is the standard pull back level, so a test of $8 and and it holds....and we are happy.
Comments
given that my comment is a simple observation and not a criticism, a few months ago you shared a graph with very ambitious targets, you also indicated some hypothetical dates, what do you think today? Where do you see $NIO in 6/9 months? Thank you
Vittorio
2024-01-05 16:40:49 +0000 UTC
