• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
Remember to follow me to keep in touch with my analyses!
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
Remember to follow me to keep in touch with my analyses!
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.