Moshkelgosha

Correction in NIO seems inevitable..!

Short
Moshkelgosha Updated   
NYSE:NIO   NIO Inc.
No one like bearish analysis on NIO, but in the last 2 tries it couldn’t breakout and close above the highest channel and it seems it is going to touch its 50 days EMA.
49-50 could be most important support level.
IMO: insure your stock with buying put option in February 2021
Comment:
-27% in one month

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.