Hello traders and investors! Let’s see how NIO is doing today!
It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point, leading to a reversal in the mid-term.
We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated.
Now, the daily chart:
In the daily chart we see that NIO lacks volume, and it’ll only start a new good upside movement when the volume increases again.
We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation.
NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped!
Thank you very much.
It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point, leading to a reversal in the mid-term.
We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated.
Now, the daily chart:
In the daily chart we see that NIO lacks volume, and it’ll only start a new good upside movement when the volume increases again.
We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation.
NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped!
Thank you very much.
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💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
