$NIO TOP 20
Added 2023-12-11 15:15:53 +0000 UTCOpened and went straight to the 200 Day MA on the 1hr chart and stopped out, it has pulled back and has managed to stay on the blue line again at $7.41....it has done this a number of times since the 7th.
The 50 and 200 Day MA are going to get tighter and tighter if $NIO stays within this range so a direction will be decided on very shortly.....us bulls want it to break to the upside and hit our targets.
We do not want it to break down back into the wedge again as this will show a lot of weakness then.
Comments
It will go to 7.22 exactly on the upper triangle line - let’s bet ;)
Pat K
2023-12-11 16:35:09 +0000 UTC
