$NIO TOP 20
Added 2023-10-26 15:05:32 +0000 UTC$NIO has not done much since Wednesday the 8th and has been keeping tight within this range under the 50 Day MA and the top of the buy zone and we can also see it is in a bullish descending wedge here too.
Performing relatively well today with other Chinese ADR stocks, so this is always welcomed.
We need something to act as a catalyst here to move this direction and get this testing above the 50 Day MA and the top of the wedge line.
Otherwise we may see another flush down to the buy zone again below $7.38 before it bounces again.
I am doing nothing here with $NIO, neither buying or selling, we are just watching it.
