NIO Inc.Short
$NIO Easy Channel Trading 6/15
Hasn't been the hardest to trade bounce in this channel. It is currently being held up and its linear deviation (middle yellow line) This could be our nearest support if we end up bouncing today
Looking for a return to the 44.50 support. Where we hope to see our third and final bounce but we have already hit resistance multiple times.
A break of the channel support would haveNIO back down to the 42.50 level where I anticipate a bounce. Remember inflation news coming up soon could effect the market alot.
I will do a video update on this after hours
Looking for a return to the 44.50 support. Where we hope to see our third and final bounce but we have already hit resistance multiple times.
A break of the channel support would have
NIO back down to the 42.50 level where I anticipate a bounce. Remember inflation news coming up soon could effect the market alot. I will do a video update on this after hours
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