$NIO TOP 20
Added 2023-09-08 10:19:26 +0000 UTCVery little chat in the Telegram group about $NIO's tough day and I am glad to see this, those that are very familiar with this chart by now realise that there was every possibility that this could continue in this bottoming arc before it could go higher.
My plan still remains the same here, if it can come down to $9 I will add more, otherwise I am waiting and watching this.
$NIO is the very definition of a long term hold for me, so all I am watching for here now is where can I buy more and the chart and commentary has been clear here.
My average is $10.70 for $NIO after managing my average between $7 - $16 and this is a very comfortable area for me to be, I have no problem adding to this again.
Comments
Likely the bad earnings, a lot worse than expected. Weak sentiment in the market added fuel to the fire.
Gareth Neary
2023-09-09 21:25:45 +0000 UTCAgree. Wave 4 was huge. But what happened to it. Just curious.
DoubleD
2023-09-09 21:17:44 +0000 UTCSo worse case by Christmas you reckon we’re at $16 a share? And best case / more likely €30?
Dougal
2023-09-09 14:28:01 +0000 UTCu got a fair point tbh
Numan
2023-09-08 15:00:06 +0000 UTCI thought the chart was invalidated too...
Greg Buchanan
2023-09-08 14:50:10 +0000 UTCThat didn't answer what I was asking.. So it really means whichever way the stock goes, the chartist can NEVER be wrong. Brilliant!
Haris
2023-09-08 14:00:01 +0000 UTCWe have literally been updating this every day.
Gareth Neary
2023-09-08 13:09:43 +0000 UTCDon’t own NIO but will add in the 9s as well.
Trader_MattPro
2023-09-08 13:08:44 +0000 UTCHah I'm here to learn charts, not patience. No one subscribes for patience lol :)
Haris
2023-09-08 12:58:21 +0000 UTCYou're missing patience. :)
Derek Wall
2023-09-08 12:48:58 +0000 UTCCouple of weeks ago it was said if 10.20 does not hold then the count gets invalidated. It closed at 10.08 yesterday. Now we're saying it can go to 9! What am I missing?
Haris
2023-09-08 12:45:44 +0000 UTCTime to add a bit more to this today. ATM, I only have PYPL, NIO, & BABA (Great timing with the China news 😅) Might add some more to these 3 today, not sure about any other Top 20s (already have ABNB also)
Damien O'Sullivan
2023-09-08 10:27:10 +0000 UTC
