NIO seems to have broken out of the down channel and retested that top trendline yesterday (red circle) this is good news! It appears like it is preparing for the next jump up, however, It seems to be getting rejected at the 43 resistance. If NIO is able to break that 43 level, I see it consolidating between 43 and 46 for a couple of weeks/month before the next stride up.
This is not financial advice, this is just what I see happening. Let me know what you guys think!
This is not financial advice, this is just what I see happening. Let me know what you guys think!
Note
Once again, just as we predicted. Now we wait for either a rocket or some consolidation between the 43-46 levels
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.
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.