The trend is still down but: - we are close to the April low and: - we are touching the retracement tops of 2019 and 2020. They were the resistances before the 2020 strong rise begun. I consider this zone therefor as a support level that may be not easily be broken.
Trade fechado: objetivo atingido
I am closing the position taking the profit now. I am no longer convinced and think that NIO cannot rise against the overall weak market.
Trade ativo
I am opening a short position now assuming a downward bias.
Trade fechado: stop atingido
As I said, to short NIO was big error. And even together with the profit 2 days ago at the long side a big loss remains.
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