More correction is possible for NIO
NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
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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.