$NIO TOP 20
Added 2023-12-01 19:52:17 +0000 UTCHow $NIO is still holding above $7 is very surprising at this stage but yet the bulls keep winning the battle to hold it.
The wedge is getting tighter and tighter and this is all pointing to a show down leading up to earnings.
I want earnings to get out of the way and not inflict too much pain.
Anything positive from the earnings could be met with optimism and a breakout.....any bad surprises and I think we all know where this is going....down.
The resistance level is all the way down at $7.30 now....and a break and hold above $7.38 and this may attract buyers....but like we said during the week, I don't expect much to happen until earnings are out of the way.
