(NYSE:NIO) NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers a range of electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components.
2 Scenarios im looking at currently.
Bullish Outlook:
- Potential Bull flag Pattern forming
- Still in Uptrend
- Sitting on Daily Support
- Daily Support is aligning with 0.5 Fib Retracement
I'm waiting to see if Support holds and reaction from Uptrend, Bull flag validation relies upon upper downtrend trendline breaking.
Bearish Outlook:
If Daily Support fails and Trend Breaks then I'm looking to see what happens at EQ 48.94
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
2 Scenarios im looking at currently.
Bullish Outlook:
- Potential Bull flag Pattern forming
- Still in Uptrend
- Sitting on Daily Support
- Daily Support is aligning with 0.5 Fib Retracement
I'm waiting to see if Support holds and reaction from Uptrend, Bull flag validation relies upon upper downtrend trendline breaking.
Bearish Outlook:
If Daily Support fails and Trend Breaks then I'm looking to see what happens at EQ 48.94
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.