The Long Investor

$NIO TOP 20 UPDATE

Added 2023-07-03 20:47:02 +0000 UTC

I was asked to show where I think $NIO will be by the end of this year, if we take the long term chart (the 5 year projection chart) and assume that the bottom is in now and we are still waiting for Subwave 2 to complete at $8.44 at the 1.618 Fib, I have this running very well for the rest of the year.

EOY is coming in exactly at $30.

We can see that the price action just stopped short of the 200 Day MA today by $0.11c, we were not surprised to see this as we had Subwave 5 finished just slightly above this.

Now we want to see that corrective subwave 2 pull back now to the 0.618 Fib and we will add to our $NIO holdings.

I and all of us wanted this to go lower, it entered the buy zone 3 times and the buyers stepped in, we were also those buyers. A lot of people felt the same way.

We followed sensible strategies and in the future it could save us potentially a lot of losses.

I will never bend on my strategies, because what may not work one time, it may work the next time.

I allocated capital into other stocks that are all performing well as I waited for $NIO to drop lower, that money is still in those stocks, some of these stocks are up 45% and far less riskier than $NIO.

All members can see now that we find opportunities weekly and a lot of times daily, your discipline and strategies will always beat the chasing approach and the fear of missing out.

I am also very impressed at how so many members switched their perspective on $NIO to hoping that this would go lower to buy more, as we determined that the price was undervalued. This is how I want us all to behave with undervalued stocks in the Buy Zone.