Best trade set up is when all time frames show the same price direction. So I compare the hourly, daily, weekly, and monthly chart in NIO to show this better. On January 2nd I published a long analysis on NIO with target price of 35% gain in first 2 weeks of January, on January 11th I closed the trade when price was 65 and I published the first short analysis on NIO when price was 57 on January 30, 2021. And predicted target price of 38-40 , 3 weeks before it happened. I invite NIO share holders to do their research about trend and volume of trading. I believe NIO has entered bearish market (lost 50% market cap in 5 wks). It couldn’t be correction any more when we see only 3 green candle in the last 16 trading sessions..! Volume of the trading also confirming the BEAR scenario! let’s first define Down Volume: Down volume is the circumstance where the price of a security falls accompanied by high or increasing trading volume.(obvious in NIO’s Hourly, Daily, and Weekly chart) Down volume may indicate a shift in trend toward a correction or bear market. To wrap it up : there could be a bounce back to 42-46 level but another down leg is inevitable! Please check all my previous analysis on NIO Moshkelgosha
I would like to believe your comment "leg down comments is inevitable" as it is a very strong statement with conviction. We will test it out to see your conviction. Already 46 .....
kesheriyaji
⋅
It reached to $45 target. Is it going to go down now?
rlaishram
⋅
Doing some covered call reading your analysis. Hope it is good!..
Tan-WA
⋅
Do you think NIO still going to 46$ then going down?
kesheriyaji
⋅
What is the next target? Do you see tech bubble overall?
Geckie
⋅
What is your next target?
PtahaSP
⋅
Thank you so much for the quality analysis of NIO
lilydeep889
⋅
Nice job! Thanks!
kesheriyaji
⋅
Thanks for sharing the chart. Already reached your First 32 target, what is your next down target. Please shar your thought.