$NIO Price will see a rally to $30 during the coming China rally

12 Şub

NIO is an EV maker in China, that moves close to KWEB and other ETFs.

We didn't see the stock price move like during this HSI or BABA rally, where the large Chinese equities were bid up this week. Instead, NIO has stayed flat.

Looking at the historic structure, and NIO's pattern today, I compare them and form a conclusion that this marks the beginning of the rally.

I think that the bottom is in, and that this 'triple dives' pattern represents a large reversal pattern, dating back 1 year. Just come back to this chart 12 months from now, and tell me what you think.

Update:

Look at the tilt of the support lines and compare them to each other.

16 Şub

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