Hello Traders,
NIO, the Chinese E-car maker, has understood! The stock changed the route with a remarkable candle-stick pattern.
At the 2-days chart, you will notice the „Island-reversal-pattern“; price have break to the downside with the „gap-down“ and reversed! This time to the upside. In sum, this pattern marks a „morning-star“!
This new low wasn't sold again, what is normally a strong sign for the stock
To play the idea of a wave „4“ was finished at 13.01 the route is up to new highs above the waves 3 @ $66.99! What a massive rally is ahead!
But if this low at $13.01 was not a wave 4 low and just part of a waves 2/b, the course is downside with lower price in the coming weeks ahead.
Well, let's see what will be next!
One thing is certain: NIO has heard the wake-up call!
Have a great weekend…..
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested at this stock!
NIO, the Chinese E-car maker, has understood! The stock changed the route with a remarkable candle-stick pattern.
At the 2-days chart, you will notice the „Island-reversal-pattern“; price have break to the downside with the „gap-down“ and reversed! This time to the upside. In sum, this pattern marks a „morning-star“!
This new low wasn't sold again, what is normally a strong sign for the stock
To play the idea of a wave „4“ was finished at 13.01 the route is up to new highs above the waves 3 @ $66.99! What a massive rally is ahead!
But if this low at $13.01 was not a wave 4 low and just part of a waves 2/b, the course is downside with lower price in the coming weeks ahead.
Well, let's see what will be next!
One thing is certain: NIO has heard the wake-up call!
Have a great weekend…..
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested at this stock!