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alasfoor
Feb 13, 2020 7:06 AM

NIO between three patterns.. H&S, Triangle or Channel up 

NIO Inc.NYSE

Description

NYSE:NIO

As we can see from the chart, we still have the opportunity for three patterns.. H&S, Triangle or Channel up.

On the day timeframe chart, we can find the golden cross between MA50 & MA 200 as a good Bullish sign, Neutral momentum on RSI & CHOP indicators .

We can find also an oversold sign on the Stoch RSI & Slow Stochastic indicator with average stable semi-low volume on the last two weeks, and waiting for a good sing on ADX indicator.

A pressure between Corona Virus news & the next Q4 earnings announcement on 10th March made Buyer & seller more caution.

What do you think? which pattern will win the next direction?

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