NIO Triple top with divergence
Diupdate
Triple top forming on Nio after break out.
Rising price and reducing volume.
I will add to my position at $40-$45.
Rising price and reducing volume.
I will add to my position at $40-$45.
Catatan
The dip was into the $5 range expected.Thank you for the likes
Catatan
With drops across the market and other Chinese EV stocks not looking great in my opinion, I am waiting to see if this support level holds.
Price has dropped through 3 levels $54, $49 and $45
Once price hit my target area, it bounced to $52 before dropping to the $45 support level once more.
If there is no buy volume, I currently have buy orders between $35 and $38 and ideally want price to maintain above $42 and continue upward.
If we do I want to see price hold above $55 or I will look at selling the high.
Catatan
Reducing position on the highsIf trend line breaks position will be closed and will watch for support $25
with buys to catch a sell off sub $20
Keep eye on news that affects this market, materials shortage, production issues.
Catatan
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.