$NIO TOP 20 UPDATE
Added 2023-06-23 11:16:06 +0000 UTC$NIO is just at that UAE symbolic $8.75 level in the PM now, after losing it slightly earlier in the PM.
The plan remains the same here, it is not looking particularly strong to hold that important $8.80 level and $8.75, the market is also very weak right now in the PM.
This is a big ask for bulls to step in and continue to fight and hold this....as the time goes on, the heads may drop and the bullish optimism of last week may be a distant memory.
I feel a lot of people are waiting at the moment and the eager buyers from last week may be all bought in for now.
I will continue to wait, with the bottom of Wave C in amber as my main goal to add, right now, I am not filled with enthusiasm here to add.
Comments
UAE did not buy to just sell within a few months, they are investors, they want meaningful returns
Gareth Neary
2023-06-23 13:14:01 +0000 UTCif I understand correctly for 6 months they can not sell
AB.investor
2023-06-23 13:12:30 +0000 UTCTheoretically, if the UAE folk started selling their shares it would start early July, which also isn’t very… inspiring for the share price
Barney
2023-06-23 12:07:54 +0000 UTC
