$NIO TOP 20 UPDATE
Added 2023-05-08 22:33:40 +0000 UTC$NIO has stayed below the 0.38 Fib and I think this is still working its way through the Subwave 4, so I will not be surprised to see another attempt at the 0.5 Fib which the 200 Day MA is just above it, so both of these levels combined could be a good resistance level.
RSI is showing a pull back from the peak overbought territory on the 1hr and the MACD is showing that buyers have slowed down too.
No changes to the plans or the targets here, I am still not seeing any impulse wave to show that the bottom has came in.
Comments
Thank You Gar!
Peter C
2023-05-09 05:11:11 +0000 UTC
