leonggw

Struggle hard for breakout

leonggw Aggiornato   
NYSE:NIO   NIO Inc.
It has been 2 months it started retracement. Fib retracement plotted from top wave shows 3.618 falls almost at the same level as Magenta Flat Bottom Support.

Apart from that, the Fib lines plotted from last year June, showing Flat Bottom Support also falls in mid of 4.236 and 6.853.

Thats a solid support can be seen around 34.00.

So far, this stock is -44% down from peak, so it's worth to look where will it go.
Trade attivo:
Price is slightly dropped 3 days before, with lower volumes seen.

Let see today if sustain yesterday closed price, then we are going to see the horizontal line breakout.
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.