Yes, we got it right another good movement on NIO, e just missed the target for 20 cents! I’m sorry, but I’ll consider it target hit!
The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement.
Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I don’t see NIO doing nothing good while it is between these points. But if it triggers the hammer I’ll consider a good thing!
Today I won’t set any target for NIO, and I’ll just wait for new movements next week. I’ll update you guys on Tuesday.
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 RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement.
Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I don’t see NIO doing nothing good while it is between these points. But if it triggers the hammer I’ll consider a good thing!
Today I won’t set any target for NIO, and I’ll just wait for new movements next week. I’ll update you guys on Tuesday.
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.
