NIO hit the 42 again, and we have a pivot that could trigger a buy, at 43.04. We have no RSI divergence, but we are still far from the 20ma in the 4h chart.
Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min itโll be a buy. It could be better, but if you have fomo just buy a small position, and if it drops to the 40.89, just buy more shares to complete your position. ๐ You'll have a good cost-basis, and if NIO flyies again, you won't be completely out.
Iโm out of NIO for now, but Iโll probably do this strategy. It is just like PLTR (check my PLTR analysis, btw).
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min itโll be a buy. It could be better, but if you have fomo just buy a small position, and if it drops to the 40.89, just buy more shares to complete your position. ๐ You'll have a good cost-basis, and if NIO flyies again, you won't be completely out.
Iโm out of NIO for now, but Iโll probably do this strategy. It is just like PLTR (check my PLTR analysis, btw).
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
