$NIO TOP 20 UPDATE
Added 2023-06-01 09:51:50 +0000 UTCProduction numbers are in and again, as we expected they were not great, the recent aggressive decline was possibly factoring in this and the next big catalyst will be the earnings on Friday the 9th of June, before the market opens.
I think we are all expecting a terrible earnings too, considering how low their numbers have been.
So for the chart, I have added Subwave 2 completing as shown, it is a very short bounce but still valid, so what this does is bring the date forward slightly to complete Subwave 5 of 5 a little earlier but the target remains the same.
If we can see $NIO staying below $7.38 this week which is the top of our buy zone limit, this limit should become a resistance level which is great for us to see.
The plan remains the same, I have added here already now but will be doing the majority of my buying around $6 - $6.50
Comments
You been doing a great job with this chart I added yestarday also and I'm happy with the purchase will be adding heavy $6-5s
Eduardo Raposo
2023-06-01 14:20:39 +0000 UTC?
Gareth Neary
2023-06-01 12:44:38 +0000 UTCYesterday you posted buy alert and today still down?
Alan Šťastný
2023-06-01 12:38:40 +0000 UTCWhat do you think will be the catalyst that starts a reverse trend?
Steele Broderick
2023-06-01 12:01:05 +0000 UTC
