When will it stop dropping? Let's see... 🧐
This one has been frustrating the advanced breakouts in the RSI, and it has not doing anything interesting recently. Situations like this are very annoying, but let’s keep in mind that at some point it will do a good movement next.
This is a congestion, and we can break to any direction. But let’s watch the 46.80 and the 44.59.
If we break the 46.80 then fine, NIO will just go higher to the 50 and continue the bull trend. But by losing the 44.59 we might see our stock at 42.67 again, and with a good chance of losing this price level.
For now, there’s nothing to do, but I’ll keep you guys updated. But I agree that movements like this makes us disappointed with NIO, but this drop occurred on many stocks, not only NIO. Personally, I have many other stocks on my radar, just waiting to be traded.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
This is a congestion, and we can break to any direction. But let’s watch the 46.80 and the 44.59.
If we break the 46.80 then fine, NIO will just go higher to the 50 and continue the bull trend. But by losing the 44.59 we might see our stock at 42.67 again, and with a good chance of losing this price level.
For now, there’s nothing to do, but I’ll keep you guys updated. But I agree that movements like this makes us disappointed with NIO, but this drop occurred on many stocks, not only NIO. Personally, I have many other stocks on my radar, just waiting to be traded.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.