$NIO TOP 20
Added 2023-10-11 13:09:18 +0000 UTCGood day yesterday for $NIO, we got a very positive bounce on the two 0.887 Fibs at $8 and it was up over 6% at one stage during the day, erasing all losses from the previous day.
The stimulus has likely helped $NIO and Chinese ADRs, and they are already performing well in the PM now too.
Right now the price is at $8.96 in the PM, we can see that the 0.78 Fib from this entire structure is at $8.94, so recapturing this level would be a positive sign.
The 200 Day MA on the 1hr chart is at $9.45 too, so this will also be an important level to get above, it would be a great day if that happened today but let's see.
I have Subwave 3 at $10.40, this would be a great area for many holders, this would effectively have everyone in this group back to green if they bought when I bought....if your buys were also either the same amounts or you bought heavier when it was lower.
I doubled my position under $8.50
In spite of all the doomsday chatter about $NIO online, the cup formation has kept its structure.
Comments
Yeah, my app is having issues then. Appreciate it!
Raj Badola
2023-10-12 00:31:30 +0000 UTCThink $10 was in response to the qn what happens after $12. The sequence is inverted look at the time of the msg.
CWT7
2023-10-12 00:21:48 +0000 UTCI don’t know if my patreon is glitching or not, are you responding to someone when saying this? Thx $10 by EOY?
Raj Badola
2023-10-11 23:20:41 +0000 UTCYou still see Nio hitting $30 buy end of year?
Dusty Eggen
2023-10-11 16:15:05 +0000 UTCTypically will come back to about $10 then
Gareth Neary
2023-10-11 14:40:48 +0000 UTCCap, what happens after subwave 5 at $12? Another abc correction? If so how does that look like? Thx
Steve Suric
2023-10-11 14:12:18 +0000 UTC
