When ever this stock surge up after good news, the price fell the days afterwards. I follow trends an partterns. I see a potential support at 0.786 fibonacci, so around 24.5 dollars. You can also see a support every time price touched the moving 100 days. The momentum is falling, and when we see that consolidation fase, then you buy for a long investment.
A high volume of buyers around 26. So might not go down to the 0.618 area.
johnandrews205
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I think it will be a support at 22.70
the old resistance becomes support, every time this happened in all the waves of NIO.
iderg
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@johnandrews205, I do not think it will go to 22.70, you said every time but come back and look at break from 8, NIO never come back to 8 and filled the gap. I think it would come back 26, if it break I think the lowest point would be 24.
johnandrews205
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@iderg, i said the old resistance, please look back and look the old resistance was exactly 10 or around that. (old resistance="all time high before the wave").
johnandrews205
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@iderg, and when i said 22.70 i think 23 is more realistic, thats the lowest point i think for me, then consolidation 35-36 candles. just look at the patterns