NIO is flying today, and I’m very happy for those who are still in, but since I already book my profits from our last trade, I’ll just wait for the next pullback, which might happen soon.
The RSI is extremely overbought, and we have an open gap between the 38 – 40. I don’t see any bearish pattern to convince me of a short, unlike Tesla, which has a clear short point.
In the 4h chart NIO is almost at its target at 43.21, and the RSI is extremely overbought as well.
We’ll buy NIO again when it gets closer to the next support level, which could be the 38 again, or even the 20ma in the 30 min chart. The next few days are going to be pretty important for us.
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See you soon,
Melissa.
The RSI is extremely overbought, and we have an open gap between the 38 – 40. I don’t see any bearish pattern to convince me of a short, unlike Tesla, which has a clear short point.
In the 4h chart NIO is almost at its target at 43.21, and the RSI is extremely overbought as well.
We’ll buy NIO again when it gets closer to the next support level, which could be the 38 again, or even the 20ma in the 30 min chart. The next few days are going to be pretty important for us.
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.
