NIO short term sell below $10

The gap needs to be filled on price. RSI and other technicals show that NIO is overbought. Wait for correction to go long or enter the sell. Keep stop loss tight incase of earnings are positive.
Comment: Please check EBITA, assets, Debt to income ratio before posting. A simple look upon their financials over the past years will dictate that they are in need of cash. They are burning through money at an astronomical rate "burn rate". I am long term bullish and short term bearish.

Stock is currently overbought. Short sellers might get squeezed by a pump up in price tomorrow but a correction is needed as many investors will cash in their profits.

Also, please check institutional and retail order volumes.



NIO just got a large loan, anyone with TD on the news section would know or a Google search. Stop trying to force people to sell so you can cash in on the short. I hope you get out on shorts with this one and can't get afford to get back in.
+3 Reply
saccatrader kamaliman87
@kamaliman87, a bearish idea doesn't mean anyone is trying to force anyone to short
saccatrader kamaliman87
@kamaliman87, u don't think a stock that went up 60% in a week and 150% in a month has any chance to go down? you must be a robinhood trader that thinks stocks go up forever
GEE92 kamaliman87
@kamaliman87, logically, after a large pump in price-correction is necessary. As stated in the title "short term sell" please acknowledge the title. I am still very bullish on NIO. You can buy the dip, or hold your long. Either way, long term analysis is bullish. Thx.
+2 Reply
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