Flat day for $NIO but for now the bleeding has stopped, I want to see a bounce further to complete Subwave 2 and reject at $9.53 to come down....for now, buyers are still cautious about entering $NIO as they have been burnt badly over the last week.
The 200 Day MA is just above too at $9.10 and may be acting as a resistance line, when the 50 Day MA comes down and crosses the 200 Day MA, we will see this enter Subwave 3 and the drop should bring us right into the buy zone.
All going incredibly to plan here folks.