As you saw in my earlier ideas, NIO has had a huge correction over last few months. After the huge drop to $32, we saw pullback. We then saw 3x more drops to $34, this is now support.
The price then dropped to $35, a higher low.
Then we saw price $36, another higher low.
As you can see the bottom is now in and major resistance levels formed at $36.50, $36, $35 and $34.
I have been averaging down all the way from £48 down to $34, bringing my average buy price to $36. I am finally in the green.
You can see the price is currently trading in an upward channel. I expect price to reach £40 in coming days and break upwards. We are getting higher highs and higher lows. Clear change in trend!
Happy trading.
The price then dropped to $35, a higher low.
Then we saw price $36, another higher low.
As you can see the bottom is now in and major resistance levels formed at $36.50, $36, $35 and $34.
I have been averaging down all the way from £48 down to $34, bringing my average buy price to $36. I am finally in the green.
You can see the price is currently trading in an upward channel. I expect price to reach £40 in coming days and break upwards. We are getting higher highs and higher lows. Clear change in trend!
Happy trading.
Ghi chú
As you can see from my post yesterday, the price is moving exactly as predicted. We have gone above the main downtrend line and broke above. I can see the price moving up to $40 and then up to $45 price range gap.Giao dịch đang hoạt động
Next target $45.00.Giao dịch đang hoạt động
$45 target within reach! NIO is extremely bullish. All confirmations are in.We will se $45-50 soon!
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.