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TheTradingStar
Aug 2, 2022 11:14 PM

$NIO - VERY BEARISH $11 first Price Target Short

NIO Inc.NYSE

Description

Downward Channel heading Intact heading to $11. There is bearish technical setup heading to a possible double bottom. It may break down further if it cracks.
Comments
MiniekMartino030
Sorry…Tradingstar… your analysis leads to nothing... at the moment the price is out of the wedge with a 50dayline cross.. so it seems we could see a continuation wedge with a shortterm TP 24… if the volume rise and we get a positive newsflow so maybe Gapclose…
TheTradingStar
@MiniekMartino030, heading lower.
TheTradingStar
@MiniekMartino030, Looks like it played out as I called it
solidJaguar75495
Try using more accurate lines that are touching the wicks. Also, try using the base of the candle and you will see this has broken the handle in the cup and handle pattern with rising volume. Only reason this goes down is dumb ass Nancy. Best of luck
TheTradingStar
@solidJaguar75495, still heading lower
solidJaguar75495
Great attempt! Better luck next time!
TheTradingStar
@solidJaguar75495, learn to read charts and technical analysis
solidJaguar75495
@TheTradingStar, This aged well for you huh? "TheTradingMistake" should suit you better
TheTradingStar
@solidJaguar75495, you should learn how to read charts.
greepsdesign
NIO broke out downward channel
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