$NIO TOP 20 UPDATE
Added 2023-08-03 11:32:38 +0000 UTCYesterday could not have gone to plan any better and I am really happy with the supports it held and finishing the day flat and even going green throughout the day.....it was a bloodbath yesterday and $NIO held extremely well, considering its strong move to the upside over the last 2 weeks too.
The PM is up right now but I am not changing my count just yet, if we look at Subwave 2 of this Wave 3 count, we can see that we got a bounce half way through its count and then pulled back again. My Subwave 4 count is the same length as Subwave 2 and we expect them to mirror each other, so we may get a pump at the opening again today and then a further fall back to below yesterdays low. This is just a possibility. $13.28 remains the lower end of support for Subwave 4.
If the price goes above $15.46, then Subwave 4 is complete and we are moving higher.
The 50 Day MA could cross today or tomorrow through the 200 Day MA on the daily so a pull back today, in line with that crossing would be a good position to add to catch more upside and the positive momentum.
If $13.30 holds, I will add here.
Comments
@GarethNeary As understood in you chart at nio price now, the sub wave 4 is complete and entering now in subwave 5? Is it Correct ?
Alex
2023-08-03 16:24:19 +0000 UTC50 Day MA is the moving blue line (moving means it can curve) 200 Day MA is the moving yellow line
Gareth Neary
2023-08-03 12:28:32 +0000 UTCHy Gar. Can you please tell what color is the 50 Day MA , and what color is the 200 Day MA? Thanks
Alex
2023-08-03 12:25:15 +0000 UTC
