NIO detailed technical analysis

24 gen 2020

This analysis was requested by Casperghost. Its important for us to use different tools to help identify a trade. especially in charts that dont have much price action compared to other names with lots of history. in this example i used fibonacci retracements, elliot wave, rsi, chart patterns, support zones to help build a roadmap for what we can expect from future price action. if you have a request on an asset please pm me or comment below. good luck and happy trading guys and gals.

thanks for your time,

rigo

24 gen 2020

Nota

I want to add that we do have a GAP on the weekly chart. I missed this in my original analysis..this could be filled sooner than later