$NIO keep following an uptrend since October 2020.
2 SCENARIOS:
1) Black color: I looked at the MACD (12H timeframe), $NIO in about to bounce. I just copied the pattern of December 2020 to predict this.
2) Green color: Nio stock won't drop but rise until $68 and beyond.
Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions).
What's your opinion on this? Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
2 SCENARIOS:
1) Black color: I looked at the MACD (12H timeframe), $NIO in about to bounce. I just copied the pattern of December 2020 to predict this.
2) Green color: Nio stock won't drop but rise until $68 and beyond.
Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions).
What's your opinion on this? Your comments are welcome.
##############
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.