Here is my view : no opinion really, i would say that the chart is bearish, however i will not take a decision before the 17th.
I learnt that in the trading / investing business, one has to keep in mind that money is more ilkely to be lost than made. meaning, research and patience are key.
what is your view?
I use trends, waves and fibonacci.
The MACD indicators help me better to decide when it is the right time to trade. Keeping in mind that in this business, loosing money is more probable than earning, being cautious and taking my time to make the trade is part of not loosing money.
i also use moving average to help with my decision : you will see the 200 MA which...
As every chart. Nothing keeps going up or down in a straight line, and NIO Seems to disappoint the delusional who assume that the only way is straight.
However for 2021, not being a part of what seems to be a bull run will be massive mistake.
We’re looking at $100 a share, being the next pit stop after the bearish phase is over.
What is your take ? Here s mine '
I used chart reading
Waves, trends support and resistance.
I’d like to get some back up or anticipation help from macd as well
I’m investing in xiaomi as of Jan 2021 and I intend to keep that for years. how about you?