hi traders,
NIO has experienced a huge correction after reaching 7,70$ in the end of September.
In my opinion, this correction is big enough and NIO may be ready for a trend reversal very soon.
Bullish divergences on 4h time frame are present which confirms my bullish bias.
If the price dips lower, buy the dip and DCA when it's cheap.
6,85$ is my target area but it won't surprise me if it goes higher.
I'm bullish on NIO and other china stocks.
Good luck
NIO has experienced a huge correction after reaching 7,70$ in the end of September.
In my opinion, this correction is big enough and NIO may be ready for a trend reversal very soon.
Bullish divergences on 4h time frame are present which confirms my bullish bias.
If the price dips lower, buy the dip and DCA when it's cheap.
6,85$ is my target area but it won't surprise me if it goes higher.
I'm bullish on NIO and other china stocks.
Good luck
Trade active
most likely bottom is in. NIO bottomed outNote
Buying more NIO at 4,60 now. Still cheapNote
NIO made a higher low. It may be the last chance to buy cheap NIO. Don't miss it out.Note
Update here:
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.