$NIO TOP 20
Added 2024-11-25 09:56:23 +0000 UTCIn spite of being -2% down in the PM, $NIO does not look in a bad situation holding above the 0.78 Fib and made a higher high on Friday.
The big test will be a test of the 200 Day MA at $5 this week, this is the support line that $NIO needs to recapture and this will also mean a recapture of the confluence level we spoke about in October too.
I am not considering adding right now unless we get confirmation of a reversal to a new impulse wave.
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