Trendy-Neck

TrendyTrades: NIO bounce off Daily-Demand

Long
NYSE:NIO   NIO Inc.
Using Supply & Demand on a higher time-frame (DAILY) I've found a simple analysis of NIO respecting Supply along with a Daily Key-Level at 42.71 and slapping back down. NIO has respected the Demand Zone at around $34 three times before and instead of heading back to that level, I believe it will catch a newly made Daily Demand level of 37.17 which will cause it to bounce up and back into Daily Supply/Daily-Key Level. -TrendyNeck

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.