$NIO TOP 20 AGAIN
Added 2023-08-15 17:22:11 +0000 UTCIn the strictest of channels down here on the daily chart and has not stepped out of this channel to the downside or upside since it has started.
I am ok with this.
Uploading this chart so we can see where the 50 Day MA is (blue moving line) and we can see it is at $10.90 here and the 200 Day MA is at the trend line at $10.20.
Does it feel good to have such a strong pull back? of course not.....did this exact scenario happen in 2020 (almost to the cent) for Wave 2 before running very aggressively for Wave 3? yes.
So invest how much you feel comfortable with.
I do not get phased by any pull backs but I am the one who makes these charts, I do the due diligence and I know what to look out for and its a comfort for me.....I know it is not easy for everyone to have the same conviction by just following someone else's assessment.
So commit with what you are comfortable with.
My overall portfolio is only down a few percent with this market pull back so I am not feeling this as much as others and that is because I keep strict to my strategy and do not buy high risk stocks and I distribute my positions equally amongst my portfolio so I am not over weighted on one stock.
I will always think in terms of months and years and that will always be our aim here.
Comments
Rebuying from 9-10.50
Jax A Million
2023-08-16 11:07:03 +0000 UTCI think so and I will be watching for support to add to my position
Gareth Neary
2023-08-15 20:30:44 +0000 UTCThanks Capt. Do I get it right that you tend to expect a pullback ending between MA 50 & 200? So between 10,20 and 10,90? Would you see this as the most likely outcome for coming days/weeks?
Bjoern Szymkowiak
2023-08-15 20:29:56 +0000 UTCLong NIO?
makis
2023-08-15 19:18:12 +0000 UTC🤮🤮🤮
Makis Dimakis
2023-08-15 19:13:59 +0000 UTCThis is exactly what I am hoping it is and would make this situation a very big positive
Gareth Neary
2023-08-15 18:58:44 +0000 UTCIs there a probability that the Wave 4 would be actually the C leg of the correction ABC with possibility to reverse up latest from $10.39 (ie starting impulsive Wave 3 of the 2nd cycle towards $21.30? )
Eko
2023-08-15 18:56:04 +0000 UTCGreat!
Federico Salerno
2023-08-15 18:36:53 +0000 UTCWish i had sold at 15-16..
Naresh kumar
2023-08-15 18:18:12 +0000 UTCIndeed
Gareth Neary
2023-08-15 18:17:35 +0000 UTCIf 7.63 to 16 was indeed Wave 1 and we are now in Wave 2 (like 2020) then Wave 3 is going to be massive!!
Kevin J
2023-08-15 18:16:54 +0000 UTC
