NASDAQ:NIU NIU reversal long enter 31.20 stop 30.61 target1 = 31.80 target2 = 32.10 target3 = 32.39
It is correcting now after a superb 300% rise this year ! Wait for it at support level 25.72, see if there is bullish signs before initiating a long position.
A new cup and saucer forming on NIU before earnings on Nnov 24. Good time to get in with caution
One of the stocks I am watching closely in the next few days. A breakout from the 1 month rectangle consolidation will sent the stock into ATHs and into uncharted territories.
Nice pop on NIU yesterday rising 11% with the strength of the wider market. If you have ever travelled through Europe or Asia, scooters are EVERYWHERE and much more practical in those inner city type areas than cars which are slowly being forced out of CBDs world wide due to congestion. Could be worth a watch.
RSI divergence seems to always pick the reversals, but so easy to be early on them for a long time. Chart Notes: - gaps on the way up - big volume sell candle on first day of divergence / possible trend reversal - 85/81 RSI level divergence, would prefer to see 90/80 - big green fomo buy candle nearing the top
NIU seems to be forming a descending triangle after a massive run up. Might be time for a healthy pullback in the coming days/weeks.
We are waiting for the price to hit support or resistance level, so we can buy/short it. Go with the flow
NIU confirmed the " Symmetrical Triangle" pattern , keep going up strong, i opened Long. NIU buy : $21.5 NIU target : 29 +-1 Stop loss : 20.5 or 6% . Wish you a good deal !
$NIU is breaking out of a beautiful classic pennant on daily chart Yesterday the 5EMA crossed up the 10EMA Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area Also notice the volume in the past sessions above the 20MA AvgVol They tried to push it back today after the open, retested the 20EMA and we are looking at...
Pre-market is crazy, too late for me to join but if comes down to 18 then definitely buying follow for more