$NIO TOP 20
Added 2023-10-12 10:21:59 +0000 UTCAnother positive day for $NIO yesterday, when many stocks opened red and recovered throughout the day, $NIO stayed strong and healthy for the day.
I believe we are in this small subwave 3 now, all wave 3s have 5 waves in them.
So a pull back shortly to the 50 Day MA again at $8.70 would make sense before going higher.
I spoke in the telegram group that we want to see $NIO go above $9.22, that would mean it has made a new higher high and a higher low, it stopped out at $9.19 yesterday, so it has not been made yet. It is possible that this will happen this week.
When we start to see more signs of reversing like this, this will attract more buyers towards $NIO.
The next level after making a new high will be getting above the 200 Day MA on the 1hr chart at $9.40, so a hold above this level is very positive.
It has been slow but we are seeing encouraging signs now.
Comments
Come to NY and we can have a drink and laugh about that question!
Steven
2023-10-14 00:23:30 +0000 UTCI get asked this question about 5-7 times a day, every day.
Gareth Neary
2023-10-12 19:45:07 +0000 UTCI’m no expert but there’s no way I see this at $30 within two months.
G
2023-10-12 19:44:24 +0000 UTCSpy green with bad economic data. Chinese red with stimulus ugh. I’d be blown away if this somehow got to 30 eoy. Fingers crossed
ES B
2023-10-12 16:35:32 +0000 UTCDo you still stand by $30 EOY?
Dan G
2023-10-12 13:11:33 +0000 UTC
