NIO Inc.Long
NIO - Buy at LL - TradePlan
Based on the Bat pattern, resistance and trendline, it seems that bulls will soon take the chargeback at 34.04 level, and a trend reversal is possible.
Bullish Indications
1. Possible Reversal at 34.87 - Bat Pattern
2. Resistance at 33.31
3. Nature, Time Cycles: Since Nov'20,
it always comes to the support level @ 33.69
and bounces back. The same behavior is expected this time as well.
Bearish Indications
1. Lower highs and lower lows
2. Three black crows
Biased: Long after next LL
Plan A: Buy
Buy at LL: 34.04
SL: 31.19
TP1: 40.13
TP2: 42.72
TP3: 46.00
Plan B: Sell
Sell at 36.41
SL at HL 39.50
TP1: 33.50
TP2: 31.19
Bullish Indications
1. Possible Reversal at 34.87 - Bat Pattern
2. Resistance at 33.31
3. Nature, Time Cycles: Since Nov'20,
it always comes to the support level @ 33.69
and bounces back. The same behavior is expected this time as well.
Bearish Indications
1. Lower highs and lower lows
2. Three black crows
Biased: Long after next LL
Plan A: Buy
Buy at LL: 34.04
SL: 31.19
TP1: 40.13
TP2: 42.72
TP3: 46.00
Plan B: Sell
Sell at 36.41
SL at HL 39.50
TP1: 33.50
TP2: 31.19
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