NIO update
Monstrous day today, congrats all held and didn't sell!
Fresh new 30min chart to start the week, notice how we're on--but slightly below--the orange trend line, after backtesting the chart I noticed that whenever NIO fell below its 1 month trend line it almost always gapped up to get back on before cooling down. Green arrow on October 28th shows the most recent one and luckily on this monthly chart! If this is the case keep an eye for a new ATH of $60, then a cool down to 57ish over the coming 5 trading sessions.
Fresh new 30min chart to start the week, notice how we're on--but slightly below--the orange trend line, after backtesting the chart I noticed that whenever NIO fell below its 1 month trend line it almost always gapped up to get back on before cooling down. Green arrow on October 28th shows the most recent one and luckily on this monthly chart! If this is the case keep an eye for a new ATH of $60, then a cool down to 57ish over the coming 5 trading sessions.
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