$NIO TOP 20
Added 2024-03-06 09:07:54 +0000 UTCNice recovery from $NIO yesterday, after going -9% down to finish +2.8% up. It is also up now +1.6% in the PM now after the HSI bounced back today too.
I don't normally talk about candles, as we prefer support levels, Fib levels and EWT to confirm our trends but when a candle like this appears at our support level, it is certainly showing that a form of capitulation happened yesterday and it is regularly found around the bottom of a trend......however, this is $NIO and she consistently breaks hearts so we won't call any bottom yet.
Let's see if it can capitalise now and get above the 200 MA on the 1hr chart at $5.82, this has been the resistance level for the last month.
Comments
Pretty sure Nio is a ‘he’ lol
Joanne Koivuneva
2024-03-08 04:59:39 +0000 UTCCapt. I don't want to ask for the impossible. But of course I am considering buying $NIO at such a low point. And I'm wondering how $NIO will probably get through the expected market correction. Would you dare to make a chart forecast until the end of the year?
Bjoern Szymkowiak
2024-03-06 12:32:06 +0000 UTC
