NIO is trading in a well defined downward channel. Price target at around $3. Selling pressure has been increasing, short on any bounce for continuing leg lower to reach the first major support around $3.
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$3 is well on track. Today it broke below trend quicker than expected, so It could fall below $3 eventually based on my technical analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.