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$NIO Inc (NIO.US)$ Since Nio formed a double bottom pattern,...
Since Nio formed a double bottom pattern, it seems that it will more than double. Its TA is looking great.
It may rise to around 8.00 in Fig. 1. Next resistance is the 100-week MA around 9.0 in Fig. 2. Like I said before, Nio has a lot of potential after falling so much.
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bullrider_21
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bullrider_21 OP : Nio's stock had already run up 61.4% in Sep. With Monday's rally, would be on track for the biggest monthly gain since the record 94% gain in Jun 2020.
CoolM : @bullrider_21 Yesterday night nio pull back. What’s the support? Still 6.20?
bullrider_21 OP CoolM : I think around 6.40. Resistance around 7.70.
CoolM : @bullrider_21 Nio ramp up so much despite rsi over brought … it’s crazy how it just keep going higher n higher … it may just come crashing down? What u think?
bullrider_21 OP CoolM : Overbought can become more overbought. It may rise to the 90s before reversing.
$Lion-OCBC Sec HSTECH S$ (HST.SG)$ rose 12.3% today. The rally looks very strong. A rise to around 1.00 can't be ruled out. It may rise to that level before correction sets in.
Nio looks like will continue to rise. May reach around 9.0 if it is very bullish.
CoolM : @bullrider_21 ADR dumping in overnight trading …
bullrider_21 OP CoolM : It may come back even stronger. Hard to say.
CoolM : The dump hit 2SD, 3SD and still go lower … terrible …