NIO Inc.לונג
NIO possible nove up?
So NIO has been tanking lately.
But right now what we can see is a double bottom pattern which might lead us back to a higher price.
The first resistance area is around 44-46 above it is a long trend line which right now works as a resistance.
We could pass the red area and test it as a support then I expect a move up.
If the test goes wrong we could easily drop back to the area around 35.
As we all know... the price of all EVs depends on TSLA and with the news that just came up I expect Tesla to be bullish this week.
We will see.
Remember this just a chart idea not fundamentals and it is not including that it is a Chinese stock.
But right now what we can see is a double bottom pattern which might lead us back to a higher price.
The first resistance area is around 44-46 above it is a long trend line which right now works as a resistance.
We could pass the red area and test it as a support then I expect a move up.
If the test goes wrong we could easily drop back to the area around 35.
As we all know... the price of all EVs depends on TSLA and with the news that just came up I expect Tesla to be bullish this week.
We will see.
Remember this just a chart idea not fundamentals and it is not including that it is a Chinese stock.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.