$NIO TOP 20
Added 2023-11-20 15:24:19 +0000 UTCI am impressed with how the bulls are fighting here and defending the area under $7.38 (in the buy zone) and the low of $7.
Whenever the price action has dipped below $7.38, the bulls have stepped in very aggressively and have started to buy.
This is what we want to see and this is why we have determined this area as the buy zone.
The price is just at the 200 Day MA at the 1hr chart now but we want to see this move higher to stay above the yellow trend line and $8 would be enough, we need the price action to stay above $8, it is not merely enough to just get above $8, it needs to stay above this level to make it a support level.
Lets see how this week goes and if they announce am earnings date.
Comments
not restricted by time, it needs to finally stay above, a retest and bounce above $8 is a good sign that it will go higher.
Gareth Neary
2023-11-20 15:31:09 +0000 UTCTo stay above $8 for how long?
Bucefalus
2023-11-20 15:25:51 +0000 UTCAccumulate and go long!
TheEngInvestors
2023-11-20 15:25:37 +0000 UTC
