ConqueringCrypto

NIO Inc has a nice cup and handle setup forming on the 6H

Long
NYSE:NIO   NIO Inc.
Back in mid Oct I was able to nail that reversal break. I jumped and grabbed some NIO myself at that time. For those who don't know NIO (stock) is a Chinese car manufacturer also known to be called 'The Tesla of China'. It for sure is one to watch. It would appear now on the 6H NIO has formed a nice looking cup of a cup and handle patter. I have the projection area marked as to what I would like to see from the handle part of the pattern. Trying to find a good candle confirmation to get in... but I might have to wait on Monday.. havnt decided yet.. Anyway, be sure to keep an eye on this one. Big things in the long term.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.