NIO is shown on a 4H chart. It has been downtrending for 3 months. Howver, April and May
has high relative volume trying to reach the capitulation of a bottom. Thursday May 4th
marked a near term bottom. NIO is now rising and breaking out of a falling wedge drawn onto
the chart. It has crossed over the POC line of the volume profile ( This is the price level of
the highest volume of trading). Price is impending a mean anchored VWAP. Relative strength
has spiked. With this confluence of bullish signals, I have taken a long position which has
appreciated 4.6% in the first half of the trading day having opened the position in the pre-
market. I will now take a trade of call options striking $ 7.00 DTE 7/21. The rising dollar
strength has confounded TSLA's sales in China and the Nordic countries. NIO is on the ready to
pick up the slack.
has high relative volume trying to reach the capitulation of a bottom. Thursday May 4th
marked a near term bottom. NIO is now rising and breaking out of a falling wedge drawn onto
the chart. It has crossed over the POC line of the volume profile ( This is the price level of
the highest volume of trading). Price is impending a mean anchored VWAP. Relative strength
has spiked. With this confluence of bullish signals, I have taken a long position which has
appreciated 4.6% in the first half of the trading day having opened the position in the pre-
market. I will now take a trade of call options striking $ 7.00 DTE 7/21. The rising dollar
strength has confounded TSLA's sales in China and the Nordic countries. NIO is on the ready to
pick up the slack.
Trade aktif
NIO moving up; Paradoxically went up today while SPY trended down. Added to the position and on watch for a reversal.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.