$NIO is holding support and still fighting to get back above the 50 Day MA and the important $4.50 line
We can also see that the price is moving to the channel resistance yellow line, which has been in place since 2022.
So a breakout above this level and holding is a significant trend change.
Levels we then want to see flipped to support are:
$5.32
$7
and $9.56
With the Wave 3 target at the 1.618 Fib at $10.61
Joel (ASTS Fan Club)
2025-02-21 12:04:13 +0000 UTC