$NIO TOP 20
Added 2023-07-31 10:33:38 +0000 UTCStrong movement in Hong Kong, Sin and in the US PM today.
Likely drawing a lot of attention to it for a number of reasons, one big reason will be the production numbers due out tomorrow....a record number and $NIO will be showing that they are past the concerns that held them back over the last year.
Another reason; Chinese policy makers again came out over the weekend and fully supported the NEV industry with a list of measures.
I have updated this chart to reflect this positive sentiment towards $NIO.
What has caught my attention is the 2 Fib finishing at the trend line line at $16.33....so we could see $NIO moving up as far as here before Wave 4 comes in, possibly after production numbers come in tomorrow.
I think anyone who is trading this, short or puts needs to be very careful!! This can have no problem running and is bordering on going parabolic at any stage, buyers are clearly stepping in aggressively, when the buyers slow down, we will start to see our pull back, look at $XPEV to see how extended that went.
People who are looking for entry prices now, I do not add when we are in this current set up, this is chasing territory. The pull back will come when it is ready, if you feel different then by all means, stay in control of your own investments.
A break above $16.33 it holds above this line then it is incredibly bullish.
Comments
I will indeed, these will not be common however.
Gareth Neary
2023-08-01 11:51:16 +0000 UTCWave 4....to $14.10 or so, at the 1.27 Fib
Gareth Neary
2023-08-01 11:50:47 +0000 UTCWill you eventually have sell alerts for stocks or just buy alerts ?
Thomas Macdougall
2023-08-01 11:41:54 +0000 UTCNew member here, so apologies if it's a stupid question but what is the pullback wave 4 range?
Immad Shahid
2023-08-01 09:55:24 +0000 UTCTY. Would a pullback on the wave 4 be a good add point?
Steven Richards
2023-07-31 23:27:32 +0000 UTCYeah, I sold a bit early and it didn’t drop, my own fault. Will load when the eventual pullback happens. I still made like 60% of the initial move, Amazing.
Raj Badola
2023-07-31 15:24:03 +0000 UTC6 opportunities to add presented themselves already. I also put up 3 buy alerts for $NIO too. Wave 3 extend. This is a good situation to be in
Gareth Neary
2023-07-31 10:49:52 +0000 UTCOf course, but trusted the charts for adding. No offense.
Bjoern Szymkowiak
2023-07-31 10:46:21 +0000 UTCWe buy and hold in this group. Charts can extend as much as they like.
Gareth Neary
2023-07-31 10:41:44 +0000 UTCUps...means your previous charts are obsolete? ...puh...
Bjoern Szymkowiak
2023-07-31 10:38:47 +0000 UTC
