As seen in my previous post NIO has followed my prediction which was to draw back to the 3.60 price range and form a triple bottom, its final sale, in my opinion this is the best time to buy.
- A very strong triple bottom has formed.
- Low RSI on the1D indicates the stock is Oversold.
- Strong RSI divergence as seen with the blue arrows indicates a reversal.
I will be looking for a strong bounce off the 3.60 Price line followed by some consolidation to prepare for the uprise or vice versa (consolidation followed by a big jump, maybe a reverse head and shoulders formation in the near future).
This is not financial advice, but if you have been waiting for the best time to add shares/buy into NIO, I cannot imagine a better time to buy.
Seems that NIO is till somewhat respecting the large green trendline but has gapped below it, what do you guys think about that? Would love to hear your thoughts and feed back.
- A very strong triple bottom has formed.
- Low RSI on the1D indicates the stock is Oversold.
- Strong RSI divergence as seen with the blue arrows indicates a reversal.
I will be looking for a strong bounce off the 3.60 Price line followed by some consolidation to prepare for the uprise or vice versa (consolidation followed by a big jump, maybe a reverse head and shoulders formation in the near future).
This is not financial advice, but if you have been waiting for the best time to add shares/buy into NIO, I cannot imagine a better time to buy.
Seems that NIO is till somewhat respecting the large green trendline but has gapped below it, what do you guys think about that? Would love to hear your thoughts and feed back.
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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.
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.