The Long Investor
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$NIO TOP 20
🕑 Added 2025-02-27 16:54:25 +0000 UTCIt has been some time since we are in this territory, a breakout of the long channel and above the 50 and 200 Day MA, this is an indication of a reversal signal but we know that it is important that a support level must hold when there is a breakout.
So it is vital we see a hold above the 200 Day MA before we can feel comfortable here
$NIO is a heart breaker and we have learnt a lot from it, so what we want to see next is:
Converting the 200 Day MA to support at $4.76
Recapturing the blue support line at $5.32
Followed by a recapture of the blue line at $7
And then eventually running to the 1.618 Fib at $10.61
No pressure now!!
Comments
Jay
Bring the heat!!!
sahilpreet Singh
Just gave little Nio three blue lines to jump with a subtle “no Pressure” in the end lol
