$NIO TOP 20
Added 2023-12-06 13:47:37 +0000 UTCWe got a run to $7.96 yest, followed by a retest of the breakout area and support was found at the top of out buy zone at $7.38.
We were looking to see if $NIO would hold the 50 Day MA at $7.52 yesterday on the pull back but happy that it found support at the top of the buy zone, this is not coincidental either.
PM is moving very well now and up 2.5%, getting back above the 200 Day MA again, I am not concerned if we get monster moves here, I just want to see this moving in the right direction towards out targets.
Buyers will come back when strength is shown.
Comments
I'm not clear where we are, and what to expect after the targets shown?!
Steve Cullip
2023-12-06 20:02:00 +0000 UTC
