justinl619

Classic ABC Corrective Uptrend

Short
NYSE:NIO   NIO Inc.
$2.34 is a major support to retest. Once that breaks, my Short thesis will be 100% in the money.
NIO stock movement correlates with Tesla stock movement. Tesla also has alot of room to fall (under $300 my prediction).
Money in China will be spent on treatment and precautionary measures for the CV. NIO and Tesla are luxury and not necessities. My thesis is based on short to immediate term outlook.
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