One could add here for target 305 /400+, flag like structure can be depict from chart.
1) Company has posted stellar quarterly result.
2) volume is high
3) company would benefit by import ban on solar glass from china.
Based on my analysis, on key levels, wave and volume etc, another big move to the upside is starting to unfold. Wait for one of to more lower and a higher high from the key level highlighted on the chart before jumping on a long position.
Best of luck,
Quick update on NIO here. After a tremendous rise throughout 2020, NIO caught the eye of many people, me especially I first bought in at $14 but when it inched closer to $50 as soon as three months later, that was a big no no for me. So ever since then it went a bit higher. Fast-forward to today, however, it's back around $35, which makes me...
Sxp is ranging between the two white lines on the chart.
I expect some further range bound action until we break up.
Resistance can be found around 8700 sats. When this breaks 10500 is our next target.
Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - the7circles.uk
So going by Stan’s rules in relation to this stock I get:
1. General Market shows an uptrend.
The volume bars in the middle can be seen to drop off sharply after the recent pump and never recover. This is reflected at the bottom of the graph on the MACD histogram, which shows some green signals but none anywhere near as large as the ones when the pump happened