NIO Inc.Long
NIO - 3 Scenarios (I'm still bullish!)
1. We will soon see a run up against the resistance shown in the chart. A breakthrough could then create a new ATH!
2. We form a HEAD & SOULDERS formation. What's this? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. In this case you can take profit at the resistance line showed in the chart.
3. You must not lose sight of this scenario either. The worst case would be a breakthrough through our current support. More lows could follow. But I'm not assuming that.
2. We form a HEAD & SOULDERS formation. What's this? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. In this case you can take profit at the resistance line showed in the chart.
3. You must not lose sight of this scenario either. The worst case would be a breakthrough through our current support. More lows could follow. But I'm not assuming that.
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Related publications
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.