The Long Investor

$NIO TOP 20 LONG TERM VIEW

Added 2022-12-30 13:01:48 +0000 UTC

This chart is very similar to the chart I uploaded for Nio long term about 6 months ago. Wave 5 of C looks to be ending between $7.70 - $5.88 around mid Feb 2023, this could happen sooner.

What I am focusing on is the overall structure and does it follow EW theory perfectly? if it does then we can draw waves 3, 4 & 5.

So far, it has followed the Wave 2 structure perfectly, retracing to the lower limit of the Fib levels, however, it is valid and the ABC count and the 5 subwaves of wave C are very clear now.

So I am optimistic going forward that our long term trajectory for Nio will continue as shown.

In spite of a lot of setbacks in terms of Chinese zero covid policy, supply chain issues etc, Nio has maintained its growth trajectory, achieving all goals its set forward and on track for the expansion to the wider world....so I have no concern yet that anything will change. If it does, we will take that information onboard and adjust accordingly.

I intend to do updates like this for all of the Top 20 Long Term charts.