$NIO TOP 20
Added 2023-12-14 15:29:49 +0000 UTC$NIO needed this bounce today and went straight back up to the First Target again at $8.
Yes it did not follow through from there yet but it is safely away from the danger zone at $7 and again, an attempt to hold above the 50 and 200 Day MA's again at $7.52 would be a sign of strength.
These MA's are very close together here which implies a strong move is next....but we need to see a solid hold above this level.
If this can happen then we will likely test $8 again and look to break out next and go to our Second Target.
I don't expect miracles from $NIO at this stage....we just want to see supports held and higher highs and higher lows.
Comments
Hi Cap, why do you recently not upload the $NIO chart with the impulse waves levels up to wave 5? (I’m not insisting for it.. was just curious)
KG
2023-12-15 15:26:00 +0000 UTCThis price action has been painful, but it may end up proving really bullish if it can keep the $7 level safe and act as support. The key thing is, it should build confidence back up slowly but surely
Barney
2023-12-14 15:33:08 +0000 UTC
