$NIO had a chance last week - with $TSLA taking a day or two off. But now look at what NIO is doing on the daily. 9ema trending down, 34ema about to turn down, 200ma about to trend sideways. 3 days of red in a row - significant selling at that.
I don't know what to thin of this yet. If you look at some of my old charts, you can see I was on this at a very early stage and have been a huge fan of the company/charts since then. I have no position right now and don't plan on opening any new positions until after things settle down late next week.
But $NIO is on my watchlist for LONG, perhaps calls also.
I don't know what to thin of this yet. If you look at some of my old charts, you can see I was on this at a very early stage and have been a huge fan of the company/charts since then. I have no position right now and don't plan on opening any new positions until after things settle down late next week.
But $NIO is on my watchlist for LONG, perhaps calls also.