$NIO TOP 20
Added 2023-08-29 09:41:51 +0000 UTCWe have the making of a clean Cup and Handle formation here with $NIO, a smooth decline, nicely rounding out on the 0.618 Fib and slowly starting an upward move.....the only variable of course is the earnings report today, quite a big variable to be fair too.
I like how the price ended the day above the 50 Day MA yesterday and there was no panic selling into the close on anticipation of a negative report, I do not think the market is expecting much, except that things are moving in the right direction, remember the report in June was a beat in terms of expectations and the market reacted positively.
Up again in the PM today as usual, all I want to see today is the $10.20 level holding, if this level can hold, I believe this will start moving up regardless, either from today or over the next few sessions, which is what we saw in June too.
If I see $NIO holding comfortable above $10.20, I will add.
I have another day of flight tests today, so I will miss the first few hours of the market, so please do not wait for me to issue a buy alert before making a decision here, as I wont be online, when I am, I will let you guys know.
Happy earnings day!
Comments
Excellent.Many thanks!
Bjoern Szymkowiak
2023-08-29 20:35:32 +0000 UTCWave B is in Wave 2, Wave 2’s consist of an ABC count. Update in the morning as usual
Gareth Neary
2023-08-29 20:34:21 +0000 UTCWhat a day for Nio. Gar, you mentioned in the chat that you believe that this was wave 2 now. To be honest, I am a bit lost. Where is this wave 2. In an earlier chart you said that it's either wave B or wave 5. Where is wave 2 now coming from?🤔 I am sure your update will bring some light in here.
Bjoern Szymkowiak
2023-08-29 20:33:03 +0000 UTCWell spoken sir
bas pennartz
2023-08-29 19:08:32 +0000 UTCBy chance, has this dip below 10.21 reset Wave 1 high to where Wave 3 high was?
Nozomu Ito
2023-08-29 18:44:03 +0000 UTCClassic over reaction follwed by a climb, if it holds above 200MA we are golden. Peace out.
ToniSeba
2023-08-29 14:17:47 +0000 UTClooks like NIO broke under the support line. Do you see it going back to the $7-8 region?
Fred
2023-08-29 13:48:20 +0000 UTCBloody
Steele Broderick
2023-08-29 13:43:25 +0000 UTCearnings wasn't the best.1 percent gm , tsla just bringing the heat
bobby
2023-08-29 11:40:27 +0000 UTC
