Still moving higher and was not obstructed by the 0.618 too much, just a slight pull back but resumed its upward after the second test and broke out higher. So it looks like it is on track to complete our green Subwave 5 here.
Once Subwave 5 is complete, we should see the ABC corrective wave down, which we know is Wave 2 completing.
The plan for me remains the same, add at Subwave C completing, a lot of my $NIO money is in a number of stocks performing very well, most notably $DAL, so I am happy with my position and to wait for the meaningful pull back.
Adding $NIO around the $8.50 mark is a comfortable place for me, can we rule out the buy zone now for $NIO, I don't think so, not with $NIO, production numbers will be out tomorrow for June and although they should be better than May, they will still be lagging the numbers needed to reach the target that Li has set for the second half of the year.
Dan G
2023-07-03 08:43:33 +0000 UTCGareth Neary
2023-07-02 21:42:18 +0000 UTCGareth Neary
2023-07-02 21:41:48 +0000 UTCGareth Neary
2023-07-02 21:41:36 +0000 UTCDan G
2023-07-02 21:37:25 +0000 UTCDan G
2023-07-02 21:36:36 +0000 UTCGareth Neary
2023-07-02 21:30:16 +0000 UTCDan G
2023-07-02 21:29:05 +0000 UTCGareth Neary
2023-07-02 20:14:06 +0000 UTCRaj Badola
2023-07-02 19:46:43 +0000 UTC