NIO: Something nice is going on here!

٢٤ مايو ٢٠٢١

Hello traders and investors! Let’s see how NIO is doing today! We have some interesting movements around, and we’ll talk about them.

First, in the 1h chart, it triggered the pivot point we’ve been talking about, at $ 34.77, and now it is just heading to the next resistance, at $ 38.02.

It is interesting to notice that we have some gaps (yellow squares) above the price. Remember: Gaps work as magnets. They can help the price to keep pushing up.

Now, the daily chart:



NIO is defeating the 21 ema again, and the candlestick looks powerful. This could indicate a V-shape recovery to the $ 43.13 again.

The only thing that it is missing here is the volume, which is still low. This doesn’t mean that NIO will drop again, but it is something to be aware of.

Either way, NIO is finally doing some good signs in the short/mid-term, and we must keep monitoring it closely from now on. If you liked this post, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!

Thank you very much!