$NIO long term and short term (15min chart) uploaded.
The Long Term chart is the chart I made in October '22....as we can see, it has been generally following it incredibly well, entering our buyzone below $7.38 and has bounced since and so far has been holding outside it.
On the short term chart, I have added in the potential subwaves now if we start our recovery and many signs are pointing that we are.
We want to see more strength but the selling activity certainly appears to be gone for now.
On the short term chart, the count is also following our Cup formation very well too.....so all we need to see now is progress in the right direction....guidance was met, delivery numbers are in and no variable like earnings to hamper this recovery....the path is now clear....we just need to see progress now.
Any unforeseen catalyst and we move down.....it is extremely difficult to plan for anything like that so we play the cards we are dealt, last week threw a lot at $NIO and it was handled well, so I am leaning on this moving higher now.
Seb
2023-10-04 07:42:52 +0000 UTCSeb
2023-10-04 07:42:36 +0000 UTCGareth Neary
2023-10-04 07:42:34 +0000 UTCSeb
2023-10-04 07:41:22 +0000 UTCFederico Salerno
2023-10-02 09:17:13 +0000 UTC