Update on TA for Nio - bullish
Here is an update of the analysis on Nio I done on Apr 10.
I mentioned then that it was very close to the apex of falling wedge 1. It may have bottomed at 3.61 near the 4.00 I mentioned. It has now broken out of the wedge! This is a bullish sign. It may continue rising to the resistance of the falling wedge 2 around 10.21 in the weeks ahead.
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bullrider_21 OP : Break out!
samccw : Would pullback around 4.20
GoldDragon samccw : if so will be a good opportunity to load in some more...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullrider_21 OP GoldDragon : It's up 4.6% premarket![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
CoolM : It’s down upon market open
I Am 102927471 :
101620691 : Teck Sohem
CoolM : @bullrider_21 what is the next resistance pls? U think tonight fomc going to affect nio?
bullrider_21 OP CoolM : Next resistance is around 6.34. Fed left rate unchanged. Shouldn't have any effect on Nio.
CoolM : @bullrider_21 thanks much bro. Hope the ride up is not bumpy.
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