Hi all,
Poor baby is abandoned yesterday. Strong bullish signal...we have to watch two more things for the bullish confirmation.
1. NIO has to successfully defend SL1 when it re-test. If not, it will most likely go sideways or re-test SL2 / 50 SMA.
2. NIO consolidates between $43-$44 area creating Doji candle, we will see green candle day after.
The price target is below. I would liquidate below target price as we are near at the end of the bull market.
Conservative price target: $50
Aggressive price target: $57
Poor baby is abandoned yesterday. Strong bullish signal...we have to watch two more things for the bullish confirmation.
1. NIO has to successfully defend SL1 when it re-test. If not, it will most likely go sideways or re-test SL2 / 50 SMA.
2. NIO consolidates between $43-$44 area creating Doji candle, we will see green candle day after.
The price target is below. I would liquidate below target price as we are near at the end of the bull market.
Conservative price target: $50
Aggressive price target: $57
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