Time has come for NIO to let go of the potential energy accumulated through (unreasonable) buying activity. I believe, following the pitchforks, NIO will at least try to touch the middle trendline in the coming days/ weeks which implies more than fall of 10%.
Note that ~$42 is a strong support level.
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Note that ~$42 is a strong support level.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Comment:
Strong daily bearish momentum candle formed yesterday. Downwards we go.
Comment:
Almost 18% fallback to the median line. Lets see how the week progresses.