NIO Inc.Long
$NIO - Weak Bullish Divergence & Potential Impulse Wave
Bullish Scenario (Short Term):
- Bullish Divergence on StochRSI
- Potential Impulse Wave I in formation
- MACD crossing Signal
- RSI approaching overbought territory though
- Above 200 EMA
- Good support on VPVR
- Healthy Volume Trade
- Bullish Market Sentiment
- Target $50 - $53.50
However, NIO has to cross the $66.99 mark in order to be considered long term bullish again.
Downward Spiral below $41.
- Bullish Divergence on StochRSI
- Potential Impulse Wave I in formation
- MACD crossing Signal
- RSI approaching overbought territory though
- Above 200 EMA
- Good support on VPVR
- Healthy Volume Trade
- Bullish Market Sentiment
- Target $50 - $53.50
However, NIO has to cross the $66.99 mark in order to be considered long term bullish again.
Downward Spiral below $41.
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