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NIO Inc.

NIO - Bearflagging in the key zone

229
  • Rejected VMA at 24 and now showing signs of bearflag on daily.
  • Early to call, but any push above hear and below VMA (black line) should be treated with skepticism. In fact, it'd be a good spot to short with the S/L just overhead at VMA
  • If it can close above VMA, then watch for continuation to 30-32 before pullback.
  • Disclosure: I am long at 20.90, will give it a couple of days with breakeven stop loss if the pricer moves higher or 20.50; whichever hits earler.
CheelooTrader
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Chart PatternsTechnical IndicatorsNIOTrend Analysis

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Chart PatternsTechnical IndicatorsNIOTrend Analysis
CheelooTrader
Also on:

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.