Nio is impressive! It triggered the buy sign we talked about yesterday, at 43.04 (check my last analysis on NIO), and it already hit the target today! I wasn't counting on that. I rarely do day trading, but sometimes I do it, never on purpose.
Yes, again, Iโm completely out of NIO, so, Iโll analyze in the most unbiased way.
The next pivot point is the 46.26, and if NIO trigger it in the some way it did with the pivot at 43.04, itโll trigger another buy, but I wouldnโt trade it at all, not even a small position this time. Why?
Because unlike the previous pivot, the RSI is at overbought levels, and we arenโt near support.
We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now Iโm out of NIO, and Iโll remain out even if it breaks the 46.26 again. Iโll wait for the support level.
Itโll give us another chance soon. Iโll keep you guys updated.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
Yes, again, Iโm completely out of NIO, so, Iโll analyze in the most unbiased way.
The next pivot point is the 46.26, and if NIO trigger it in the some way it did with the pivot at 43.04, itโll trigger another buy, but I wouldnโt trade it at all, not even a small position this time. Why?
Because unlike the previous pivot, the RSI is at overbought levels, and we arenโt near support.
We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now Iโm out of NIO, and Iโll remain out even if it breaks the 46.26 again. Iโll wait for the support level.
Itโll give us another chance soon. Iโll keep you guys updated.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
