I posted this a week ago but not much has changed. It was taken down by moderators because I mentioned something that went against house rules. Nonetheless:
ORIGINAL POST:
Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a few days ago, and have already taken very small profits at the first tp level. I was unable to post here as my account has been hacked for the past 3 weeks and I have only just gotten it back, hence the lack of updates overall. Having said that the community took this trade.
I am posting this now as I believe that if we get above 8.36 then one could strategise a trade on a backtest of that level, so you guys could enter there if you haven't already.
The weekly is posted below
https://www.tradingview.com/x/UQ0CvFGy/
ORIGINAL POST:
Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a few days ago, and have already taken very small profits at the first tp level. I was unable to post here as my account has been hacked for the past 3 weeks and I have only just gotten it back, hence the lack of updates overall. Having said that the community took this trade.
I am posting this now as I believe that if we get above 8.36 then one could strategise a trade on a backtest of that level, so you guys could enter there if you haven't already.
The weekly is posted below
https://www.tradingview.com/x/UQ0CvFGy/
Nota
Key week for NIO after the heavy bleed out we experienced for the last two. I'd like to see a green day to start off where we potentially bottom out at this level - really a higher low which is necessary if we are really at the floorNota
Unfortunately we got stopped out. Below 7 it's pretty much a straight drop to 5.8 so lets see. Either we get above 7 and then we can think of entering again, or we will reassess at 5.8-6$
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.