Ok, didn’t trigger any good buy recently, and it is just falling to its supports. It lost all the Fibs retracements we talked about last week (but they did work pretty well for some time), and now it seems all is red for NIO.
The good news is that the RSI is very oversold, meaning we might see a rally tomorrow to the 48. The problem is that we aren’t near any support, but are close to the gap and the 44.89.
The 4h chart is not oversold, and this indicates we might still close the gap and hit the support at 44.89, or the 43.89. We have no important sign, but the conflict between time frames is interesting. Will NIO do a rally to the 48 in the 30min, or will it fall to the supports in the 4h chart?
There’s nothing interesting here for now, but I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The good news is that the RSI is very oversold, meaning we might see a rally tomorrow to the 48. The problem is that we aren’t near any support, but are close to the gap and the 44.89.
The 4h chart is not oversold, and this indicates we might still close the gap and hit the support at 44.89, or the 43.89. We have no important sign, but the conflict between time frames is interesting. Will NIO do a rally to the 48 in the 30min, or will it fall to the supports in the 4h chart?
There’s nothing interesting here for now, but I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
