If NIO closes under the 40.90 tomorrow, there’s a chance it’ll fill the gap at 38.64. Then I believe I’ll be a good moment to buy.
It is no secret that I already booked my profits on NIO, and now I’m an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility I’m working with is a sideways movement for the next days. This might work too, but I prefer a pullback. I’m not working with a scenario that NIO will fly from here, and if it does, I’ll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. I’ll keep monitoring it, and I’ll update you guys if I see anything.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
It is no secret that I already booked my profits on NIO, and now I’m an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility I’m working with is a sideways movement for the next days. This might work too, but I prefer a pullback. I’m not working with a scenario that NIO will fly from here, and if it does, I’ll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. I’ll keep monitoring it, and I’ll update you guys if I see anything.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
