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KhanhC.Hoang
Jul 27, 2021 11:09 AM

What happens in China makes it an attractive stock to trade 

NIO Inc.NYSE

Description

Even though Trend(OBV) is negative, but it crossed above its Bollinger band [a sign of bottom] and then consolidation while the Bollinger band is squeezing.

Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.

Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!

Trade active

It will be a fun one to trade: both bears and bulls can make money as long as they know their entries/exits.
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