$NIO has just made a higher high at the opening which has not been able to do for some time.
Back into the buy zone comfortably now and a move up to the $7 resistance/support level would be a big achievement for the bulls now this week.
HSI is closed for the next few days too, so this may be to $NIO and $BABA's advantage.
We will watch this closely but I do not think it is appropriate to assume and chart an impulse wave now just because we have made a higher high once.
We have been in this situation before, so staying above $6 and finding a new support here would be a bullish indication.
Gareth Neary
2024-02-12 18:32:42 +0000 UTCPierre penasa
2024-02-12 16:22:18 +0000 UTCGareth Neary
2024-02-12 15:53:44 +0000 UTCStephanie
2024-02-12 15:31:42 +0000 UTCCharles D
2024-02-12 15:14:22 +0000 UTC