Yes, we got it right another good movement on NIO, e just missed the target for 20 cents! Iโm sorry, but Iโll consider it target hit!
The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement.
Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I donโt see NIO doing nothing good while it is between these points. But if it triggers the hammer Iโll consider a good thing!
Today I wonโt set any target for NIO, and Iโll just wait for new movements next week. Iโll update you guys on Tuesday.
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.
The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement.
Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I donโt see NIO doing nothing good while it is between these points. But if it triggers the hammer Iโll consider a good thing!
Today I wonโt set any target for NIO, and Iโll just wait for new movements next week. Iโll update you guys on Tuesday.
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.
