NIO Inc.לונג
Practice integrating indicators into my predictions. NIO.
I find myself trading only MA's and pattern breakouts, and I want to see what adding indicators will do to my decision making. If I looked only at the indicators here I would say it is coming off of a recent low, and should be fine to continue higher. If all I am doing is reading the signals as they are presented, I would think it's coming off of recently oversold, and is a good time to go long for minimal risk.
*Correction on Slow Stoch: Recently Overbought, and now neutral. Makes me think sell.
*Correction on CCI: Recently Oversold, now neutral. Makes me think buy.
*Ma's are down / Neutral. Makes me think sell.
*RSI: Recently Oversold, now neutral. Makes me think sell.
*MACD: Oversold crossover. Makes me think buy.
*Trendline break: Obviously buy.
*Bull Flag: Buy at breakout.
*Candle formations at turn: red hammer, mix-up candle, strong green body. Makes me think buy.
So the indicators are giving me very mixed signals, and the price action/formations are telling me go long. I don't have good rules for indicators. Or else maybe the mixed-ness should just tell me to find a different stock. I did make up my mind I was trading this before I looked at it... just because I knew I was posting here. More gun at the head behavior... not an ideal trading system.
*Correction on Slow Stoch: Recently Overbought, and now neutral. Makes me think sell.
*Correction on CCI: Recently Oversold, now neutral. Makes me think buy.
*Ma's are down / Neutral. Makes me think sell.
*RSI: Recently Oversold, now neutral. Makes me think sell.
*MACD: Oversold crossover. Makes me think buy.
*Trendline break: Obviously buy.
*Bull Flag: Buy at breakout.
*Candle formations at turn: red hammer, mix-up candle, strong green body. Makes me think buy.
So the indicators are giving me very mixed signals, and the price action/formations are telling me go long. I don't have good rules for indicators. Or else maybe the mixed-ness should just tell me to find a different stock. I did make up my mind I was trading this before I looked at it... just because I knew I was posting here. More gun at the head behavior... not an ideal trading system.
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