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viiiiiid

Downward channel

NIO Inc. (NYSE:NIO)  
viiiiiid Updated   
NYSE:NIO   NIO Inc.
Trend Analysis
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trendanalysis
It appears to me that we are approaching top of the downward channel - breaking it will likely confirm the reversal of the trend into bullish, while bouncing from it will offer an opportunity to enter some puts. Stay tuned.
Comment:
It will be interesting around 38.6 area - I am looking to enter some calls, expecting a bounce.
Comment:
- in case we ever reach this area; if we bounce off of the top of the channel.
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