$NIO TOP 20 UPDATE
Added 2023-06-05 18:27:04 +0000 UTCStopped out exactly at the 0.78 Fib at $7.90 today and unable to make a new high. I am showing this on the 5 min chart so we can see the minute waves.
We want this to be a smaller wave 2 completing today of Subwave 3, so we can get this flush out leading to earnings on Friday. For me, I am only looking for the price to drop to around $6.50-$6.80.
This structure may not be complete yet and if does make a new high (unlikely), it is Subwave 2 just being longer, the structure is very much still corrective and not showing signs of reversing here.
On this 5min chart, losing the 200 Day MA in yellow will make this very weak and we should get that drop leading to earnings.....it is difficult to comprehend how anyone would be optimistic leading to earnings when insurance numbers and production numbers have been very weak.
Comments
Any chance you can post the long term model on this again?
Blake O
2023-06-05 19:04:06 +0000 UTCThank you as always
Rami Jaradat
2023-06-05 18:38:43 +0000 UTC
