The Long Investor

$NIO TOP 20

Added 2023-07-03 09:52:47 +0000 UTC

Strong start to the week in the PM, brought on by an increase in production numbers on its previous month, however -17% down YoY. $TSLA also had a great quarter and the EV market is all benefiting from positive news so far today.

Following the green impulse wave now and has gone above the previous high in the PM, so we can confirm that this is in Wave 5.

Two things to note here now:

1.) I have Wave 5 topping out at the previous high at $10.74 before pulling back to complete its ABC corrective wave, down to $8.44

2.) The 200 Day MA has come all the way down and very close to our Wave 5 target now too and looks to meet the price action today or on Weds, the price has not held above the 200 Day MA since August 2021, so this will be significant if it can hold above this level.

My plan remains the same, to add at the end of the corrective wave.