The daily chart with the RSI MACD OBV indicators shows the following picture: downfall to the support at 33.6 and its test, and if everything is OK, let's go to the resistance at 55. The Fibonacci levels also show a correction to 0.5 (35.10). And the worst case scenario is to close the gap at 22.14 This is just my assumption and is not an investment idea. If you have your own thoughts on this, I would be happy to hear a reasoned response. Good trading and profits to all.
Sure glad you posted this when NIO ha just climbed 9% in 2 days.....buy your Red Hot Short Shorts on e-bay...In fact Mr Musk commissioned enuff of them to keep hort Sellers happy for years to come!
PtahaSP
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@themrchris41,First of all - who told you I was wearing shorts? Second - open your eyes and look at the chart - it's a daily chart, learn the theory! Where you went to school, I taught.... And thirdly - there are two possibilities on the chart.