Get started

Toppattern

More correction is possible for NIO More correction is possible for NIO NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIO
by GreenfieldAnalysis
EURGBP - Possible head and shoulders forming?Trade Idea Price action looks to be forming a top. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower. We have a 50% Fibonacci pullback level of 0.9207 from 0.9090 to 0.9324. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.9205, resulting in improved risk/reward. We look to Sell at 0.9205 Stop: 0.9235 Target 1: 0.9100 Target 2: 0.9050
Short
by Signal_Centre