Moshkelgosha

Gold or Death, that is the question?

Short
NYSE:NIO   NIO INC
Today NIO opened below its 200 EMA and bounce back, some people may be happy and hope it is the end of the story, but I don't think so!
I think it is a good time to learn the difference between the Golden cross and the Death cross!

A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average. (Investopedia)
based on my calculations it is highly likely that the Death cross is going to happen in the NIO chart in April 2021.
This analysis becomes obsolete if NIO closes above 46.3 with a trading volume above 250 million. otherwise, consider any positive day as a good exit opportunity or sell..!
This will be my last post on the NIO chart.
Paid services are available at:
https://www.patreon.com/SniperTraderStocks (5-15 USD/M)
for the Pay What You Want Model, send an email to snipertrader.stocks@gmail.com

Comments

Can you please help me understand, how did you come up with 250 million volume? It is three times the average volume.
+1 Reply
dg78 khl21
@khl21, Yes, searched through the volume / price chart. Not sure I can figure out the 250MM volume number.
Reply
What the lowest target we can expect?
Reply
Jeez. Im in at $64. Buy down to get out?
Reply
@matt468, Bro...try to stop loss. I stop loss at 10% loss
+1 Reply
matt468 elericrivera2010
Reply
Can u do a chart analysis on Huya ?
Reply
Arent we now on a double bottom now? If this breaks, no good?
Reply
Thanks btw im subscribe to ur Patreon, u give well describe analysis is a gift what u charging on ur Patreon.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out