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Sunday Prep 9/12 - $NIO Really Struggling With 20D SMA

Short
NIO Inc. (NYSE:NIO)  
TrueTraderOfficial  
NYSE:NIO   NIO Inc.
Trend Analysis sundayprep_9-12-2021
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trendanalysis sundayprep_9-12-2021
NIO is really struggling with the 20d. I feel like if this loses Thursday’s lows, I want to be shorting all pops afterwards. I would also look to possibly fade an opening push into the 38.60 area. You can see that was a pretty big level on Friday and you’ll have the 20d just above you as well.

snapshot

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