The Long Investor
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$NIO TOP 20
🕑 Added 2025-01-17 09:32:45 +0000 UTC$NIO is sitting on the final fib support level at 0.887 at $4 this week.
The 0.78 Fib held for 2 months but was never able to make a series of higher highs and higher lows so it could not start a new impulse wave and kept getting rejected at the 50 and 200 Day MA, so the price went lower.
So we need to see this happen now on the 0.887 Fib or unfortunately the bottom red line would then come into play.
We've held long enough here, I think we can continue to hold and see how the HSI's reversal influences $NIO next.
Comments
Matt
easy explanation, they see strong momentum recently in selling cars, even in january now where nio sells 50% less
Pierre penasa
Mostly I don't understand xpeng at 13 and Nio always suffering....
