NIO SHORT (Below 10 before end of week)
Fist Analysis. Learning about trading for about 4 weeks now.
Tried to use stock cycle and fib retracement, as well as trendlines of the last two days in conjunction with decrease in volume.
Also taking into account that this the hottest stock at the moment amon retail traders which makes my bearish sentiment a bit easier to explain. ;)
Bearish myself, bought at 13,50. Plan to buy again when below 10.
Feedback is appreciated. Please tell me WHY my analysis is wrong. Here to learn.
Tried to use stock cycle and fib retracement, as well as trendlines of the last two days in conjunction with decrease in volume.
Also taking into account that this the hottest stock at the moment amon retail traders which makes my bearish sentiment a bit easier to explain. ;)
Bearish myself, bought at 13,50. Plan to buy again when below 10.
Feedback is appreciated. Please tell me WHY my analysis is wrong. Here to learn.
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