NIO 1/5/2022
Price was in Descending triangle until it broke down.
We also have a death cross signaling the start of a bear market.
The pullback after breakdown turning support to resistance is entry signal.
Entry: 29.85
Stoploss: 34.05
Target: 12.00
We also have a death cross signaling the start of a bear market.
The pullback after breakdown turning support to resistance is entry signal.
Entry: 29.85
Stoploss: 34.05
Target: 12.00
Note
Updating target:Target: 12.00 or Trailing 20ema
Note
Updating Target:Trailing 10ema
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.