$NIO - $3 Price Target (Weekly Chart)

Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.

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Bear Flag broken. Short to next local target around $3.80. Length of pole = measured downside.

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Selling on Strength Continues

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Bear flag has cracked, new leg down. Bear Channel well intact.

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New leg formation. Heading lower.

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Another new local level bear flag spotted today possibly setting up, downward trend continues

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Bear Flag still intact

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Local bear flag from April 3 has cracked, heading lower.

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Downward Channel intact.

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Bearish channel intact. New local bearish flag setting up. watch for new legs heading lower. Gap at $2.50

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