The Long Investor
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$NIO TOP 20
🕑 Added 2025-05-01 10:42:18 +0000 UTCMay Deliveries:
'NIO said Thursday it delivered 23,900 vehicles in April, up 53% from the same month last year.
The company said the total included 19,269 NIO-branded vehicles, 4,400 from its ONVO line, and initial deliveries of its Firefly brand.
Year-to-date deliveries reached 65,994 units, a 44.5% increase from a year earlier, the company said.
Cumulative deliveries stood at 737,558 as of April 30.'
I believe the price action can continue higher to the 200 Day MA at $4.60 to complete its 5 waves higher and will then need an abc pull back, to the green fib levels as shown.
So far there are 4 waves in this bounce since $3, we need 5....if we get 5, this is a very positive development, which will indicate the start of a new impulse wave.
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WallyN 🇷🇴
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