What will happen to Nasdaq:NIO?
NIO has been bullish since June 2020 based on the weekly chart. However, starting February 22, 2021, we can see that the price is already below the ALMA line. This signifies that the bears are stronger than the bulls and downtrend is already started. The smoothed Heiken Ashi also confirms this downtrend by changing the color from green to red.
Do you also have an open position on NIO? Are you still in profit?
