A story from NIO stock marketOleg Alexandrov
#NIO stock is very popular nowadays. Price surged up quickly amid the news about Intel and NIO collaboration.
I didn’t follow this stock, I open its chart when see headlines.(3)
This fundamental news become unexpected for others. But do you believe it was unexpected for everybody?
1) Look. This is EVRB. Someone (insiders) absorbed stock after falling from 3.0 level.
2) And here is No-Supply. Someone (insiders) was cleared the market from supply. Selling pressure is exhausted as can be seen by low volumes. Stock prepared for Good News.
That is why how you can get “secret information” by reading the chart.
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In Chart Reading Method, they are three: The Law of Inequality, The Law of Supply & Demand, The Law of Effort & Result.
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