NIO H&S

15 nov 2020

NIO is on the eyes of everyone. It showed a strong bullish pattern, but not enough strength go stay over the 50's. This is a sign of weakness, as NIO have to pullback to fill gaps and further ascend beyond this resistance. I think that people will build price based on the coming events and help to complete the right shoulder of the forming H&S. In the earnings day, it will fall and break the neckline.

I am relatively new in the market. This is not trading advice. Happy to read other ideas!