Yes, after almost 10% gains this week, Iโm completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis.
Now I wish GL to whoโs still here, but Iโll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps weโll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since Iโm out of NIO, Iโll just look for another trade now.
Next week weโll decide what to do. Iโll keep you guys informed.
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.
Now I wish GL to whoโs still here, but Iโll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps weโll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since Iโm out of NIO, Iโll just look for another trade now.
Next week weโll decide what to do. Iโll keep you guys informed.
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.
