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, Iâm completely out of NIO, so, Iâll 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, itâll trigger another buy, but I wouldnât 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 arenât near support.
We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now Iâm out of NIO, and Iâll remain out even if it breaks the 46.26 again. Iâll wait for the support level.
Itâll give us another chance soon. Iâll keep you guys updated.
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button đ.
See you soon,
Melissa.
Yes, again, Iâm completely out of NIO, so, Iâll 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, itâll trigger another buy, but I wouldnât 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 arenât near support.
We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now Iâm out of NIO, and Iâll remain out even if it breaks the 46.26 again. Iâll wait for the support level.
Itâll give us another chance soon. Iâll keep you guys updated.
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button đ.
See you soon,
Melissa.