NIO shows Head & Shoulder Pattern .. the size of movement around 9 $ or 16 % from the neckline ... it shows the end of the pattern equal to a historical support line near 46 $
nice bounce from the support line after a dramatic price action yesterday .. One more thing .. The trend line shows an excellent diagonal support
Bullish Engulfing Candle after doji candle . it’s a signal for bullish trend :)
This is the next levels support lines for DIA ($IDNU) Dow Jones Industrial ave.
This is all the NIO Historical support & resistance lines just in case if you would like to observe the ((Long)) trend Welcome aboard :))
NYSE:NIO As we can see from the chart, we still have the opportunity for three patterns.. H&S, Triangle or Channel up. On the day timeframe chart, we can find the golden cross between MA50 & MA 200 as a good Bullish sign, Neutral momentum on RSI & CHOP indicators . We can find also an oversold sign on the Stoch RSI & Slow Stochastic indicator with average...