TheTradingStar

$NIO - Price Target $5 - Continued BEARISH Flag Setup

Short
NYSE:NIO   NIO Inc.
As you can see, a mountain top has been formed with a base at the $5 to $1.50 range which will be the price target. It will take sometime but heading there as it is still forming the bottom of the mountain. It also rejected and could not get over the downward channel (right side of mountain).

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