$NIO TOP 20 UPDATE
Added 2023-03-27 18:03:40 +0000 UTCI know what you are all thinking, I hope to God that this wait for $NIO will be worth it...and I hope so too!
The 200 Day MA on the 1hr is acting as a resistance line and this is something we are happy to see, $NIO is just at the 50 Day MA now at $8.91. I have added the chart we have been following for the last few months and added the EW count chart too, I will add in the Subwaves of Wave 5 when I am happy that SubWave 1 is complete.
All going to plan here but slow, I doubt it will drop into the buy zone on the original date of the 28th of March we were aiming for but its been slow....I am surprised that the issues with the ET7 have not dropped this further, maybe it will shortly.
Again, no buy here yet, a clear down trend still, no break out of the long standing resistance line and the 200 Day MA is acting as a strong resistance line, still bearish indications so we proceed with our plan.
Comments
https://cnevpost.com/2023/03/28/nio-stops-et7-production-to-launch-facelift-this-year-report/ π
Stefan Baumgarthen
2023-03-28 05:23:58 +0000 UTC
