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Niotock

Nio Analysis 12.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:NIO
by basictradingtv
3
Some kinna weirdass downward megaphone thing happening hereThere's been this parallel channel in NIO's price action that I've been following for a while because my friend bought up a bunch of it and did very well. I started watching the chart just to see what would start to materialize and (since he's somewhat of a novice trader) I thought it might be a good idea for me to keep my eye on it in case I saw any potential dangers. So I emailed him back on the 22nd to tell him that a fall could be in the works and I was right, but now it's at a make-or-break moment. It's either going to break out of this downward megaphone pattern and continue in its parallel channel, or it's going to take a dive. RSI and MACD are both suggesting it'll break out, but I'm a little more skeptical. I'm leaning toward a bigger fall. Slightly. Anyone have any thoughts? Lemme know!
NYSE:NIOShort
by Incogniteaux
5