NIO: Opportunity ahead! Bullish signs near a dual-support!
Hello traders and investors! Let’s see how NIO is doing today!
Ok, NIO is dropping today, but I see no reason to panic. Right now, NIO is doing a Bullish Engulfing, above a dual-support level made by the purple line at $ 50.50 and the 21 ema. This purple line is my guide for the short-term, as we discussed in my last NIO analysis, which you can check in the link below.
Under this line, NIO could fill the gap and even do a sharper pullback. But this shouldn’t scare anyone here, as the trend is still bullish, and there are no reversal or pullback signs yet.
The daily chart is looking very bullish, and if NIO corrects, we can expect it would hit the 21 ema in the daily chart again, but so far, there is nothing indicating that this is going to happen. Remember: The $ 50.50 is the key point.
The volume increased a lot yesterday, reinforcing the idea that the trend will resume, and as far as I know, today’s drop was just an opportunity. As crazy as this sounds, the target is the $ 57.20, as we discussed in my last analysis (again, link below).
Let’s watch NIO closely, and remember to follow me to keep updated, as I do daily analyses on NIO and other stocks. And please, support this idea if it helped you! Thank you very much for your support!
Have a nice day.
Ok, NIO is dropping today, but I see no reason to panic. Right now, NIO is doing a Bullish Engulfing, above a dual-support level made by the purple line at $ 50.50 and the 21 ema. This purple line is my guide for the short-term, as we discussed in my last NIO analysis, which you can check in the link below.
Under this line, NIO could fill the gap and even do a sharper pullback. But this shouldn’t scare anyone here, as the trend is still bullish, and there are no reversal or pullback signs yet.
The daily chart is looking very bullish, and if NIO corrects, we can expect it would hit the 21 ema in the daily chart again, but so far, there is nothing indicating that this is going to happen. Remember: The $ 50.50 is the key point.
The volume increased a lot yesterday, reinforcing the idea that the trend will resume, and as far as I know, today’s drop was just an opportunity. As crazy as this sounds, the target is the $ 57.20, as we discussed in my last analysis (again, link below).
Let’s watch NIO closely, and remember to follow me to keep updated, as I do daily analyses on NIO and other stocks. And please, support this idea if it helped you! Thank you very much for your support!
Have a nice day.
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