NIO Adam and Eve double bottom / Dragon

15 thg 6, 2022

NIO

Nio has been in the new recently so i decided to take a look at the chart.. and heres what we can tell

beaten down Chinese stock that has already started to bottom out...double..bottom..out lol

not only it is a double bottom but its a near perfect representation of an adam and eve double bottom. POTENTIALLY
which would make setting PTs for this fairly straight forward.

ALSO with that double bottom the large structure looks to be that of a Dragon with a very clear spine.
again which would make setting PTs for this even more straight forward

however you'd like to look at this chart one thing seems for sure/ from a purely technical standpoint this asset looks like it has plenty of upside to run.

let me know what you guys think in the comments.

and as always , happy trading