$NIO TOP 20
Added 2023-12-27 14:44:54 +0000 UTCAfter such a strong say yesterday, we should not be surprised to see $NIO either flat or red today, if it ends green that is great but we usually experience some selling after a strong day for $NIO.
Back to back positive news keeps flowing out from $NIO and the market has enjoyed it so far.
Up 35% since out $7 low 2 weeks ago.
The price action has gone above the 1.618 Fib for Wave 3, showing just how strong this has been so let's see if $NIO pulls back for Wave 4 before going higher for Wave 5 at $10.31 which would be the gap fill from October.
I was happy to see a strong break above the 200 Day MA on the daily chart yesterday above $9.17, this was a big moment, holding above this level today would also be a good sign but a small pull back before going higher for Wave 5 is normal behaviour.
Comments
Great. Many thanks, Capt. 🙏
Bjoern Szymkowiak
2023-12-27 15:38:24 +0000 UTCMy long term chart hasn’t changed, just the timescales and is available through the search function under $NIO long term
Gareth Neary
2023-12-27 15:36:50 +0000 UTCI suspect over a few days, it’s moving well today as expected so as long as there is no heavy flushes, I’m happy
Gareth Neary
2023-12-27 15:36:18 +0000 UTCWould you expect the pull back for Wave 4 over a few days or rather a one day action that could be reached already today?
Bjoern Szymkowiak
2023-12-27 15:28:25 +0000 UTCJust curious :)
Daniel
2023-12-27 15:26:55 +0000 UTCWhere do you see NIO in like 2-3 years? you have a long projection for them?
Daniel
2023-12-27 15:26:41 +0000 UTC
