NIO Inc.Long
NIO (1D) 200MA Support
Updated
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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