$NIO TOP 20
Added 2023-09-05 11:53:20 +0000 UTCWe had a very nice end to the week, with a +7% gain on Friday. The price stopped short of the $11.50 level which is the 50 Day MA on the daily chart, as seen above.
However, we are still between the 50 and 200 Day MA (at $10.20 still)
So we are at a junction here, a break above the 50 Day MA a $11.50 and it holds above and this is certainly bullish, a rejection at $11.50 and we should continue along the cup formation as shown, watching for the white Fib levels as support.
I have no issue seeing this reverse at any stage, people have been waiting for a buy signal for $NIO, I have bought between $7-$14, meaning I am right at my average now, so this is an area I feel is ideal to accumulate.....in my previous post I said, if it goes down to the 0.78 Fib at $9, I would add again, as this would compliment my average.
You do not need a buy signal from me here now, it is certainly in an area I like....so if I was happy to add a small bit at $14, I certainly find this area attractive.
I am watching $ABNB, $AMD, $TSM and $PLTR as my priority buys now.....as my other holdings I have contributed to heavily over the last month.
