I wanted to try and update non Top 20 list charts today as I'll be focusing on this list over the weekend, following an eventful earnings week. But I like to update $NIO on a Friday evening so there are no concerns over the weekend.
Again, nice movement today and hit $8.01 and rejected which was the previous support and now it is acting like a resistance line, this is nice to see for us so we can expect further downside if this rejection continues.
It looks like we are in subwave 4 now, the 50 Day MA is just above at $8.00 which will be no surprise to anyone as all of these indications are related to each other.
Today was the last trading day of April, so the first of every month can offer some surprises but I don't expect much to happen in May, apart from $NIO entering our buy zone.
Enjoy the weekend everyone, I am off to Washington DC in the morning!
Eduardo Raposo
2023-04-28 21:22:28 +0000 UTCPixy Fung
2023-04-28 20:55:19 +0000 UTCMichal JenΔΓk
2023-04-28 20:29:25 +0000 UTCPaul Endy
2023-04-28 20:13:58 +0000 UTC