Hello,
33$ Can be a good entry point for long term investors.
If you are looking for a trade don't give a lot of margin, around 32$ for your stop loss.
Look for bullish divergences in MACD for a reversal in the trend. A hammer in 200 MA can also be a good signal.
If 200 MA is not held, next intermediate stop for me is around 29.5$ then 25$ and the massive is on 23$ bullish gap.
I am buying NIO progressively in this downtrend. Bear in mind that when bad news appear is a probable sympton of a reversal in bearish trend.
GL.
33$ Can be a good entry point for long term investors.
If you are looking for a trade don't give a lot of margin, around 32$ for your stop loss.
Look for bullish divergences in MACD for a reversal in the trend. A hammer in 200 MA can also be a good signal.
If 200 MA is not held, next intermediate stop for me is around 29.5$ then 25$ and the massive is on 23$ bullish gap.
I am buying NIO progressively in this downtrend. Bear in mind that when bad news appear is a probable sympton of a reversal in bearish trend.
GL.
Note
Nice bounce from 200 MA let's see how it develops.Note
Holding 33$ - 34$ area. Nice support there
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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.