BBTrader29

NIO Round Down

Short
NYSE:NIO   NIO Inc.
NIO is showing a rounding top formation with room to fall down to the 34 level. It had higher than relative volume today and has no clear support until 34-36 levels. The weekly chart shows next level of support around 34.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.