NIO has basically had a full year bull run.
Most people predicted $60 by the end of 2020, and that happened. It still has not seen a major correction in 12 months.
Notice the previous and current touches on the 100 day EMA.
Longer term EMA's are more significant than short term EMA's.
I see a decently long selloff here. Not going to get excited about NIO until they come out with some majorly good news or hit low $30's again.
Most people predicted $60 by the end of 2020, and that happened. It still has not seen a major correction in 12 months.
Notice the previous and current touches on the 100 day EMA.
Longer term EMA's are more significant than short term EMA's.
I see a decently long selloff here. Not going to get excited about NIO until they come out with some majorly good news or hit low $30's again.
Nota
In my youtube video I explained that I don't think it needs to correct to the .786 level, especially since that was in March 2020. I only referenced that for perspective. I forgot to mention that here. I do have high 30's in my buy zone but I'm watching like a lion, waiting to pounce on NIO in it's weakest moment or catch it if it notices me hiding in the tall grass.Nota
I felt like Friday was going to be a dip and bounce day so I stayed patient and waited for NIO to get into the low 30's. That was pretty exciting.Nota
If you didn't already sell your $32 NIO that you bought on Friday for $44, then I would now wait to do so. It has a new support level and it's very close to it. Let's see how the next few days play out. I'm still looking for a lot of volatility this month so I'm trying not to fall in love with my shares right now. Anything over a 30% gain in a few days is a sell for me (Unless I watch it like a hawk up to 50% gains before selling). Not because it means the stock is going to reverse but because we're here for profits baby!! LFG!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.