This is an interesting OBV divergence!
NIO has one final price level to break if it wants to fly back to 39 again: the 35.45. Let's all watch this point tomorrow!
The 39 is the 61.8% fibo retracement.
The daily chart has a divergence between OBV and the price, and this could cause a powerful movement, but it must trigger the 35.45 first.The OBV divergence would only confirm our initial thoughts.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The 39 is the 61.8% fibo retracement.
The daily chart has a divergence between OBV and the price, and this could cause a powerful movement, but it must trigger the 35.45 first.The OBV divergence would only confirm our initial thoughts.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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