NIO - Short
Updated
Time has come for NIO to let go of the potential energy accumulated through (unreasonable) buying activity. I believe, following the pitchforks, NIO will at least try to touch the middle trendline in the coming days/ weeks which implies more than fall of 10%.
Note that ~$42 is a strong support level.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Note that ~$42 is a strong support level.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Note
Strong daily bearish momentum candle formed yesterday. Downwards we go.Note
Almost 18% fallback to the median line. Lets see how the week progresses.
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.