NIO: Be aware of this Key Point!
Hello traders and investors! Let’s see how NIO is behaving this Monday!
Well, as we expected in my last analysis (Friday), NIO defeated the $ 49.36, triggering a pivot point, and now NIO is just flying again. If you missed my previous analysis, the link to it is below, as usual.
The stock is flying, and there are absolutely no top or reversal signs ahead! NIO is doing very well!
The green line will work as a support in the future, along with the 21 ema, which is going up too. Now, NIO is about to retest the $ 54.20, which is a previous resistance (black line).
Let’s look at the daily chart for more clues:
The black line is the most important point for NIO right now, as it not only a previous resistance, but the previous All Time high (ATH), and a pivot point that could lead it to record highs.
The fight will be intense near the $ 54.20, but since the trend is bullish, the odds favor the buyers. Even if it drops a little, there are several supports around. So, there’s nothing to worry here.
As we discussed in my last analysis, the low volume during the correction seen in the past few days indicates that NIO was just resting a little, before the next explosion.
Let’s keep our eyes open here, as NIO is at a decisive moment! And follow me to keep in touch with my daily updates and support this idea if you liked it!
Thank you very much!
Have a nice day!
Well, as we expected in my last analysis (Friday), NIO defeated the $ 49.36, triggering a pivot point, and now NIO is just flying again. If you missed my previous analysis, the link to it is below, as usual.
The stock is flying, and there are absolutely no top or reversal signs ahead! NIO is doing very well!
The green line will work as a support in the future, along with the 21 ema, which is going up too. Now, NIO is about to retest the $ 54.20, which is a previous resistance (black line).
Let’s look at the daily chart for more clues:
The black line is the most important point for NIO right now, as it not only a previous resistance, but the previous All Time high (ATH), and a pivot point that could lead it to record highs.
The fight will be intense near the $ 54.20, but since the trend is bullish, the odds favor the buyers. Even if it drops a little, there are several supports around. So, there’s nothing to worry here.
As we discussed in my last analysis, the low volume during the correction seen in the past few days indicates that NIO was just resting a little, before the next explosion.
Let’s keep our eyes open here, as NIO is at a decisive moment! And follow me to keep in touch with my daily updates and support this idea if you liked it!
Thank you very much!
Have a nice day!
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