TA showed Triple Top Pattern on NIO chart Bearish signal share price fall trending
$NIO Inc(NIO.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $XPeng(XPEV.US$ NIO daily chart showed a Triple Top pattern which is a type of bearish chart pattern used to predict the reversal in the movement of a stock price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
My Take: Despite what someone commented (frequently) that NIO will rebound, the stock value is still below 5 USD -47% YTD and -90% from peak. The TA indicator bearish signal is consistent with the 5-days share price trending -9%. From the FA point of view, the latest Q1 earnings show that the company is not doing well.
You can view the pattern by going to Setting (click bottom right symbol)>Chart>Chart Marking and switch on Candlestick patterns. The pattern should appear on the stock chart.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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101601389 : should test at 4.70 level
ZnWC OP 101601389 : Support at 4.375
bullshyt : yep. and it ended. reversal on the cards soon.
ZnWC OP bullshyt : Trend is bearish lower price on the way
bullshyt ZnWC OP : pls short
bullshyt : but support at 4.375. we r not too far off from it.
ZnWC OP bullshyt : You still don't understand or choose not to.
ZnWC OP bullshyt : Please do your homework and post something useful.