roosgart

NIO on bullish reversal, targets 21%, 66%, and 100%

Long
roosgart Updated   
NYSE:NIO   NIO Inc.
  • NIO is showing bullish reversal patterns. The bottom may be around currents prices.

    RSI shows higher high while prices show lower low, a classical reversal sign.

    Take a look at the Doji reversal as well.

    Three potential targets at 21%, 66%, and 100%.

    Protect your capital with a stop loss if you are just entering this trade.

    Good luck and thanks for the likes and comments.
Comment:
NIO lower time frames

Trade active:
NIO next move to target 1:
Trade active:
NIO accumulation
Trade active:
NIO touched our stop loss but a lot of buyers at that price level (look at the Doji candle 2D):
Trade active:
NIO consolidation at this price level
Trade closed: stop reached

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