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.