Yes, after almost 10% gains this week, I’m completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis.
Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since I’m out of NIO, I’ll just look for another trade now.
Next week we’ll decide what to do. I’ll keep you guys informed.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since I’m out of NIO, I’ll just look for another trade now.
Next week we’ll decide what to do. I’ll keep you guys informed.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
