Exactly as I stated in my last NIO post, watch for the touch points just above $41 (black arrows // see my last NIO update)
A trading range between $41-45 is a really good sign of a base forming, this is usually when I'd recommend adding this stock back onto the radar and watching for a breakout on a volume spike. Be wary however, I think if we fall below $41 we will form a new demand zone which will only make it much harder for a breakout back to $48-52. I wouldn't hold my breath, smart money doesn't have FOMO like retail traders, they just move on and park money somewhere else. I say this because smart money will make or break this coming into earnings report (I have very high expectations)
Nio has been pretty easy to predict because its 90% retail buying (contrary investing at force) and thus far I've been pretty spot on with my posts as a result, but I'd love to hear some ideas on what you guys think will happen :)
A trading range between $41-45 is a really good sign of a base forming, this is usually when I'd recommend adding this stock back onto the radar and watching for a breakout on a volume spike. Be wary however, I think if we fall below $41 we will form a new demand zone which will only make it much harder for a breakout back to $48-52. I wouldn't hold my breath, smart money doesn't have FOMO like retail traders, they just move on and park money somewhere else. I say this because smart money will make or break this coming into earnings report (I have very high expectations)
Nio has been pretty easy to predict because its 90% retail buying (contrary investing at force) and thus far I've been pretty spot on with my posts as a result, but I'd love to hear some ideas on what you guys think will happen :)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.