$NIO TOP 20 UPDATE
Added 2023-03-22 16:03:06 +0000 UTCI am watching this as I am sure a lot of you are too. So far today it went all the way to the 0.88 Fib, which was the bear case line and got rejected, dropped down and fell out of the ascending wedge. It then found support at the 0.618 Fib and then rose again to make another attempt at a breaking the resistance line but this time rejected getting back into the wedge and came back down slightly.
RSI on the 5min has shown that this has been running out of steam since midday yesterday.
1400 EST is game time so I still expect some more movements, but for now, it is not showing like buyers are stepping in to send this above the resistance line yet.
Comments
Heading to the buy zone!
Logan Shaffer
2023-03-22 20:07:05 +0000 UTC
