$NIO TOP 20
Added 2023-08-23 10:15:47 +0000 UTCBit of a rollercoaster day yesterday, looking at +5% in the PM and finished the day red but had a slight pull back to try and salvage the day.
However, we are seeing some flattening out again at the $10.50 at the 0.618 Fib level, second hold at this level yesterday too.
On the 1hr chart, on the RSI and MACD, we can also see that the momentum is starting to round out and move towards the upside now....selling pressure has certainly eased and we are seeing a shift back to buyers seeing value again.
We want this to continue, it doesn't matter if this stays like this for a week or two, as long as it continues to hold strength, above the trend line and above $10.20, I will be happy to see us just ride this storm out.
Comments
Do you think potential poor results already priced in for ER, or potential further downside?
Jeff Yi
2023-08-23 18:00:38 +0000 UTC
