Chart Talks: NIO retraced to a strong support zone. Is bounce on the way?
NIO stock's technical analysis suggests a strong downtrend with oversold levels. This might lead to a potential rebound or consolidation, but no definite buy point for now. It may continue to decline further. Investors should be cautious and maybe wait for more positive signals before entering a long position. For short-term gains, using options as a strategy to manage risks could be a good choice.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
