NIO was already oversold, but we didn't have any buy sign until now. Now we have some nice confirmation, and NIO is doing a good movement. It briefly lost the 34, but the buy force was incredible!
Now NIO is trading inside a range in the 30min chart, but the 4h chart looks good:
NIO did a false breakout from the 34, the most important point we were watching since yesterday, and it was close to the lower band at the same time. In addition to today's movement, the 61.8% retracement at 39 is a good target to aim next. There's a little gap above the 39, which could be filled too. But watch out for the 32.25, as NIO must not lose this point, ok?
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now NIO is trading inside a range in the 30min chart, but the 4h chart looks good:
NIO did a false breakout from the 34, the most important point we were watching since yesterday, and it was close to the lower band at the same time. In addition to today's movement, the 61.8% retracement at 39 is a good target to aim next. There's a little gap above the 39, which could be filled too. But watch out for the 32.25, as NIO must not lose this point, ok?
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
