$NIO - Short Short

NIO Inc.NYSE

Description

⋅ Apr 25, 2021 2:58 PM

*Just an idea, not financial advice*

NIO now primed for earnings report,
A short burst and local high to $42.06 is possible.
0.236 fib level as resistance flipped support.
RSI now within over-bought territory signaling a potential sell-off in the near term.