Nio Scenarios
Nio is currently consolidating on the VWAP
Tried to make higher highs twice rejected at 29.17 failed twice tested support 26.78 double wick
after the retest of the support we made a higher high at 29.42
retested the 27.11 support successfully held double wick
Nio attempting to make another push for a higher high
Scenario A: Nio fails to maker a higher gets rejected at 28.78
My entry would be 27.11 if we withhold support
Scenario B: Nio makes a higher high then will retest previous higher high for support at 29.24
if support is held my entry is 29.30
Tried to make higher highs twice rejected at 29.17 failed twice tested support 26.78 double wick
after the retest of the support we made a higher high at 29.42
retested the 27.11 support successfully held double wick
Nio attempting to make another push for a higher high
Scenario A: Nio fails to maker a higher gets rejected at 28.78
My entry would be 27.11 if we withhold support
Scenario B: Nio makes a higher high then will retest previous higher high for support at 29.24
if support is held my entry is 29.30
Note
Nio tried to push up failed at 28.40support at 27.37 after that failed attempt
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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.