$NIO TOP 20 UPDATE
Added 2023-06-23 20:00:15 +0000 UTCJust a little observation I will leave you with for the weekend on $NIO.
The blue trend bars is a direct lift from the white circled area, it is uncanny how the first part of this blue trend bars has been exactly the same as the first wave down, before a slight bounce, before going down further.
If this continues to follow this pattern, it will bring the price action right into the buy zone and finishes exactly at $6.70.....the price which we wanted to buy $NIO with 30% of our allocated equity for $NIO.
Today was a difficult day for the market and a big loss for the $NIO bulls, they stepped in last week but the market did not rush in to follow them and like we said before the opening, we were waiting too, a lot of people appear to be thinking the same way.
We will see over the weekend that people will drop their bullish stance for $NIO one more time and this might be the last flush we need to get back into the buy zone.
Comments
Anything under $7 will be amazing
Kevin J
2023-06-24 00:51:16 +0000 UTCNow your talking my language
TommyJR
2023-06-24 00:10:14 +0000 UTCIf we consider the 7% dilution that is going to happen after abu dhabi stake. $8.1 should be the real test. And it is the 4 hours 200 MA ! Just a thought
Small investor
2023-06-23 22:04:00 +0000 UTCI will give this share the benefit of the doubt as long as it stays above the 200 on this chart. Below and not so much.
KeiraD
2023-06-23 20:11:04 +0000 UTCExactly the same....I added the blue pattern bars as an observation
Gareth Neary
2023-06-23 20:08:54 +0000 UTCAm I wrong or is this graph completely different from the one published in the afternoon?
Vittorio
2023-06-23 20:06:24 +0000 UTC
