NIO- Setting up to rally? **UPDATE**
Updated
on June 22 I posted "closed positions around $17.50 since at that time I wasn't seeing the bottom. Now we're at $22. Wanted to see what this community was thinking in regards to this running down to fill the lower gap and then a rally to fill in the upper gap?"
Today I wanted to revisit this after some thought and figured Id ask you all for your thoughts. Rather than telling me that I don't know what I'm doing, Id much rater recieve real constructive feedback since I am still very new to this.
Im seeing an Inverse Head and Shoulders pattern setting up out to end of August but for the near term July, Im still seeing the Ascending Triangle. According to the Ascending Triangle, it broke my resistance line on Friday.
Im Bullish on NIO long term
Again- Im still new at charting, so would appreciate any help or feedback on what I may be doing correctly, to incorrectly.
Today I wanted to revisit this after some thought and figured Id ask you all for your thoughts. Rather than telling me that I don't know what I'm doing, Id much rater recieve real constructive feedback since I am still very new to this.
Im seeing an Inverse Head and Shoulders pattern setting up out to end of August but for the near term July, Im still seeing the Ascending Triangle. According to the Ascending Triangle, it broke my resistance line on Friday.
Im Bullish on NIO long term
Again- Im still new at charting, so would appreciate any help or feedback on what I may be doing correctly, to incorrectly.
Note
We didn't even fill the gap on the way down. Still looking to reopen my long position at $16.28
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