NIO: LIKELY TO PUSH HIGHER AND RETEST $11.17 RESISTANCE
NIO appears to have found a bottom and now moving upwards on both weekly and monthly timeframes. The 20 EMA is on path to crossover the 50 EMA this signals strength to me. Once Pass the weekly resistance $10.55 the next resistance will be the 200 EMA
$11.32 (TP 1)
$12.10 ( TP 2)
$11.32 (TP 1)
$12.10 ( TP 2)
Trade active:
A great trading day and apparently even greater after market so far
*IMO $12.12 would be best to take all profits off table.
Reenter LONG after 20 EMA has completely crossed over 50 EMA on daily timeframe
Protect profits from being wrecked by 26th FED meeting and 27th GDP catalysts
if you have a small runner you dont mind risking through the volatility of 20/50 EMA crossover and we have positive news catalyst this week... $13.10 is possible reward.
*IMO $12.12 would be best to take all profits off table.
Reenter LONG after 20 EMA has completely crossed over 50 EMA on daily timeframe
Protect profits from being wrecked by 26th FED meeting and 27th GDP catalysts
if you have a small runner you dont mind risking through the volatility of 20/50 EMA crossover and we have positive news catalyst this week... $13.10 is possible reward.