$NIO TOP 20
Added 2023-12-07 14:59:16 +0000 UTCI am not too concerned with what I am seeing today, still 10% up for the week and above the 200 and 50 Day MA on the 1hr chart,
The price has not been able to break above the first target yet at $8 and hold but holding above the 200 Day MA may give it another chance to test the $8 level again next.
We have our wedge breakout and momentum with us at the moment, we should not expect any parabolic moves as a lot of trust has been broken with $NIO lately, so slow and steady I will take.
Getting above $8 and holding is what we want to see next.
Comments
those red slides on the agressive pullups after earnings are day traders. noise. we are going up.
Rene
2023-12-07 17:20:27 +0000 UTC
