NIO Bullish after retracement completed
NIO to retrace back to 50 MA and long term support, low trading volume (investors and holders not selling), expect more trading volume and bounces along long term trend lines as horizontal support is tested. Stochastics approaching oversold. Head and shoulders pattern finishing formation.
Note
Wave 4 finalised, beginning of Wave 5
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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.