The Long Investor
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$NIO TOP 20
🕑 Added 2025-03-05 12:20:31 +0000 UTCThe timing of $NIO's breakout last Thursday was unfortunate, the market turned very bearish and it is very difficult for a suppressed stock to start its bullish reversal when the overall market sells off unexpectedly like this.
And this is $NIO, it will always test your patience.
Price did drop back into the channel again but crucially held support again on the 0.887 Fib at $4.07, which it has done for the last few months.
Plan remains the same here
We need a break and hold above the 200 Day MA at $4.75 to be happy that a reversal is next.
Comments
slappindabass
NIO up 4% PM
