$NIO TOP 20
Added 2023-06-12 15:33:16 +0000 UTCLittle mid day update, two aggressive bounces over the last few sessions and a strong decline, todays bounce has not made a new high and the 0.887 Fib at 8.80 is a historical Fib line which is taken from the all time high and the all time low, what we are seeing here is nearly 3 tests of this resistance line so far and 3 rejections, impulse waves do not move in aggressive bounces and rejections like this.
For now, the plan remains the same, I like that CEO Li has conceded that he needs to compete more on price and he's getting ready to battle but he needed to do something after that terrible earnings report.
