NIO Inc.Long
Closing the gap
Price is going down to green support where a gap is waiting to be closed
Around 5,50$ price will probably reverse moving up to blue trendline
Around 5,50$ price will probably reverse moving up to blue trendline
Note
Price on support trendline right now, it must hold
A further drop will go down to sma200 at 5,18$
Note
Price get trapped for 2 days between green resistance and sma50+200
Let’s see what happen in Honk Kong Monday
Note
Beware!
An head and shoulders is almost complete and a drop below 5$ can be very dangerous
Note
Dropping, this bullish idea failed
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.