The Long Investor

$NIO TOP 20

Added 2023-10-17 11:08:02 +0000 UTC

$NIO keeps returning to the 0.618 Fib line at $8.43 but doing very little from here, I am happy to see it hold this support, however we are into the 20th day of this moving sideways now, we are waiting regardless but this has certainly been moving slow now.

Registration numbers came in this morning:
$Li 10,500

$TSLA 7,500

$NIO 3,500

$XPEV 3,200

This leaderboard appears to be in line with the last few weeks, $LI has been breaking away from the pack with impressive numbers and $TSLA has not registered outstanding numbers considering their size.

$NIO is still quite low considering the return from their Chinese Holiday but there are 2 and a half months left in this quarter to recover, the market has been fully aware of this holiday, possibly why this is not down more in the PM right now.

50 Day MA on the 1hr is at $8.60

200 Day MA on the 1hr is at $9.15, these two levels remain the big resistance levels in $NIOs way right now.