$NIO The OBV is showing signs of a squeeze
Watching the OBV, I notice that it has tanked recently forming a wedge.
Usually stocks build up the pressure, release it on the OBV, and the stock price rallies for months if it plays out on a long-term chart, as is the case with NIO.
I'm expecting a rally to $30-$40 in the coming months.
Usually stocks build up the pressure, release it on the OBV, and the stock price rallies for months if it plays out on a long-term chart, as is the case with NIO.
I'm expecting a rally to $30-$40 in the coming months.
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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.