$NIO TOP 20
Added 2023-11-09 15:20:26 +0000 UTCHaving a difficult time getting above $8 at the 0.38 Fib level, it has just been moving sideways since Tuesday within the 0.38 Fib and the 0.618 Fib at $7.69.....this is neither good nor bad....but the main thing for me is that this is above the yellow trend line still.
If it continues to move sideways, also within the 50 and 200 Day MA's, these two averages will get closer and again, the tighter they get, the price will need to take a direction.
If the price comes down to the 0.78 Fib at $7.47 but manages to stay above the wedge, this is acceptable too.
If the price can break above $8 then I believe the price will go above the 200 Day MA next at $8.12
Comments
EOY target adjustment?
Samih Ajami
2023-11-09 16:47:52 +0000 UTC
