NIO 4H Chart Idea
Updated
***Remember I'm not a professional analytic, this whole idea is based on my knowledge and opinion. ***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
NIO have a strong uptrend right now you can see the Ichimoku Cloud showing the clear uptrend and potential to keep the trend. Also candles still trading above SMA 200 and SMA 50 (very bullish sign). The stock every time that goes up, it does a pull back to cool down and keep moving higher. If the candles keep trending above that trend line, it could achieve the $17.50 to $18 for the beginning of this week.
I’m holding position here since $3.29, I’m long term with NIO. Good luck to everybody and posts your opinion here also, they are welcome. Thank you.
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
NIO have a strong uptrend right now you can see the Ichimoku Cloud showing the clear uptrend and potential to keep the trend. Also candles still trading above SMA 200 and SMA 50 (very bullish sign). The stock every time that goes up, it does a pull back to cool down and keep moving higher. If the candles keep trending above that trend line, it could achieve the $17.50 to $18 for the beginning of this week.
I’m holding position here since $3.29, I’m long term with NIO. Good luck to everybody and posts your opinion here also, they are welcome. Thank you.
Trade closed manually
Market Fell after 12pm east time on 7/13/2020 that could affect my study . I would have to do a New one later.
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