$NIO TOP 20 UPDATE
Added 2023-05-31 07:42:13 +0000 UTCTough day for $NIO yesterday, Chinese stocks did not perform well and the release of poor NIO insurance numbers for the previous week added to their pressure.
We were expecting a further bounce yesterday, a continuation of Fridays bounce which I have highlighted with a white circle, but it made a new low instead....so two options here, Subwave 2 is now complete and we have started into Subwave 3 or we are still waiting for Subwave 2 to start and bounce, as shown from my amber count.
We should know more today but I wanted to keep you all updated.
If this is still Subwave 1, which is a little longer than expected, then Subwave 5's projection will extend further into the buy zone.
Comments
The only catalyst is the hopefully massive EC6 numbers coming out but that’ll be when this is supposed to drop another 20%? How does that actually work?
ES B
2023-05-31 14:03:50 +0000 UTC
