$NIO
Added 2022-12-16 21:58:01 +0000 UTCGetting pulled down towards the close was unfortunate, I believe the $11.97 support line is now gone and we are watching for the $10.90 support red line, in order for this to be a 5 wave structure, there will need to be a relief bounce for W - 2, we will wait and see next week.
Comments
Nio day next week has me slightly optimistic, as before it has been a positive catalyst....otherwise, I would leaning towards the bear case
Gareth Neary
2022-12-17 18:34:25 +0000 UTCIs the likelihood of both scenarios 50/50 or do you still lean towards the bullish one? I wonder if the weekly insurance numbers could be a positive surprise on Tuesday (20th)
Stefan Baumgarthen
2022-12-17 09:27:28 +0000 UTC
