Is NIO a good bet right now? 🤔
This is it, my dear traders! NIO is trying very hard to escape from this very tight Bollinger Band, and maybe this RSI divergence will give us a clue to where NIO will explode next.
Now I see the 46.80 as the breakpoint for us, and if we do break it, the RSI will confirm the breakout.
We could be a little more oversold in the 4h, but that’s ok. NIO is trying to do a reversal pattern in multiple time frames, and now is a good point to do this.
We just hit the 50% retracement and now we are flying, back above the 38.2%. This is great, but we must do the last reversal pattern before we can fly again! Nio is a good stock, however, I see many stocks that are looking much more appealing than NIO right now, and me and my followers are quite aware of them!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now I see the 46.80 as the breakpoint for us, and if we do break it, the RSI will confirm the breakout.
We could be a little more oversold in the 4h, but that’s ok. NIO is trying to do a reversal pattern in multiple time frames, and now is a good point to do this.
We just hit the 50% retracement and now we are flying, back above the 38.2%. This is great, but we must do the last reversal pattern before we can fly again! Nio is a good stock, however, I see many stocks that are looking much more appealing than NIO right now, and me and my followers are quite aware of them!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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