NIO announced on October 18 that NIO Day 2021 will be held on December 18 this year at the Olympic Sports Center in Suzhou, Jiangsu Province, a city located about 100 kilometers west of Shanghai. NIO is expected to unveil models including one called the ET5 at that time, as well as another unknown model.
- On 5 of 5 of final Primary wave and on Wave 3 of 5 of Intermediate wave.
- We've hit the 1.75% extension target Wave 3 Target
- With $NIO Day just occured will we get a continuation of Wave 3 up to 2.272% @ 64.72 or the 1.618% @ $68.80from the previous Major High to Low? Or will we see the start of Wave 4?
- Targeting at a minimum the 1.272% at $62.31 before...
I believe NIO will once again touch resistance possibly even blow past, and then make a correction after the NIO day hype and drop to the support. If you were buying at current price remember risk vs reward. RISK -$3 , REWARD +$3
NIO playing the run up to 1/9 could see a run up at open lowest i see it going is 44.98, Over 46 we should see some nice movement to 49.84
Over 49.84 I can see 53. under 44.30 I would cut short term.
