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jdharward

NIO - New low, still bearish

Short
NIO Inc. (NYSE:NIO)  
jdharward Updated   
NYSE:NIO   NIO Inc.
Trend Analysis Chart Patterns Technical Indicators NIO
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trendanalysis chartpattern indicator nio
NIO set a new low today, thank you trade wars!

The price doesn't show any momentum of changing direction.

The price must stay above the green/blue trend line to remain out of the "fucked zone".

Might as well buy more puts.
Comment:
With that said, turn around could occur sooner. End of this week or next if "positive trade news" comes out.

The bottom two indicators are showing the price is nearing oversold.
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