NIO: Bullish candlesticks + good volume!
Hello traders and investors! Let’s see how NIO is doing today!
Nio found a support at the purple line around the $ 50.50 and now it is just resuming the bull trend, as usual. Yesterday’s movement was quite crazy, but since it was due to news, there was no reason to panic, as we discussed in my previous analysis (if you missed, just check the link below).
Now the next resistance is at the $ 55.27, and if NIO defeats this point, it’ll trigger a pivot point that could lead to the ATH, or possibly above it. Let’s see the daily chart:
The pink line is a support for the mid-term, and the 21 ema too. The volume was so low during December, and now it is finally starting to increase, and this tell me that it is the beginning of a new bull trend.
As we've been discussing in my past analyses, our target is the ATH at $ 57.20, but it seems NIO will defeat this point. The bull trend was triggered when NIO did this Piercing Line pattern, and so far, NIO is doing great.
And if you liked this analysis, remember to follow me to keep updated. I do daily analyses and I’m sure you’ll find something good around here. And support this idea if it helped you!
Thank you very much.
Nio found a support at the purple line around the $ 50.50 and now it is just resuming the bull trend, as usual. Yesterday’s movement was quite crazy, but since it was due to news, there was no reason to panic, as we discussed in my previous analysis (if you missed, just check the link below).
Now the next resistance is at the $ 55.27, and if NIO defeats this point, it’ll trigger a pivot point that could lead to the ATH, or possibly above it. Let’s see the daily chart:
The pink line is a support for the mid-term, and the 21 ema too. The volume was so low during December, and now it is finally starting to increase, and this tell me that it is the beginning of a new bull trend.
As we've been discussing in my past analyses, our target is the ATH at $ 57.20, but it seems NIO will defeat this point. The bull trend was triggered when NIO did this Piercing Line pattern, and so far, NIO is doing great.
And if you liked this analysis, remember to follow me to keep updated. I do daily analyses and I’m sure you’ll find something good around here. And support this idea if it helped you!
Thank you very much.
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