$NIO TOP 20 UPDATE
Added 2023-07-28 12:11:49 +0000 UTCTheoretically this is how it should play out.
After every Wave 5 we have a corrective wave, this is how it looks if it follows EWT.
Momentum could be there to cut the corrective wave a lot shorter but all we are looking for is 3 Waves down, we will be watching this as it develops and I don't expect it to come until the middle of August.
Regarding the price now, the PM is looking strong, the price ended under the 1.618 Fib at the end of close yesterday due to the wider market sell off, so it was looking likely that we could have got our Wave 3 completing there but the PM today has had another idea.
Either way, it makes no difference, so the chart from yesterday remains the same but everything is moving faster than expected, this is a sign that momentum is really behind this stock too.
Positive news from China, Mercedes rumour and $XPEV performing well.
Notice the 50 Day MA in Blue (that one that isn't a straight line) is looking to cross the 200 Day MA in Yellow (also not a straight line) shortly, this is a bullish indication.
For me, I won't be adding unless I see a meaningful pull back, with the intention to also add at the end of Wave C.
Comments
This stock isn’t letting me sleep, coz it’s my baby💸
Suman
2023-07-30 06:23:56 +0000 UTCCount after 12? Still 30 EOY target?
SH
2023-07-29 18:55:26 +0000 UTCStill on track
Gareth Neary
2023-07-29 18:46:19 +0000 UTC30$ EOY 2023?
Frenchi
2023-07-29 18:42:38 +0000 UTCJust that in your chart the bull case would be a complete retracement of the pump.
Toko
2023-07-28 21:05:51 +0000 UTCIn the short term, a pull back first
Gareth Neary
2023-07-28 21:03:24 +0000 UTCI have $17 as target . Greedy?
Toko
2023-07-28 20:32:45 +0000 UTCSold at 14.7 exactly.
makis
2023-07-28 19:23:21 +0000 UTCTarget just hit. Have to stay disciplined I just trimmed a little. Hoping we get the pull into the 12s. Awesome call!
Adam L
2023-07-28 19:14:18 +0000 UTCNo, Wave 3 of Big Wave 3 is the most aggressive count, it should move very sharply up.
Gareth Neary
2023-07-28 17:28:40 +0000 UTCNo, Wave 3 of Big Wave 3 is the most aggressive count, it should move very sharply up.
Gareth Neary
2023-07-28 17:28:16 +0000 UTCJust asking. If the ABC is valid and happen then price will diverge significantly from the big Wave 3
makis
2023-07-28 17:24:49 +0000 UTCHow would wave 3 be invalid?
Gareth Neary
2023-07-28 17:23:24 +0000 UTCCap the long wave 3 is invalid now? The ABC is after subwave 5?
makis
2023-07-28 17:15:42 +0000 UTC14.62 sheesh that was close 😍✔️✂️
Chris
2023-07-28 16:42:00 +0000 UTCPretty sure we are looking for 14.71
Adam L
2023-07-28 16:21:55 +0000 UTC14.2 now. Has the counting changed?
makis
2023-07-28 15:22:19 +0000 UTC
