As you can see with NIO, we have a Descending Triangle (which is bearish) on the daily timeframe
We also have an Overbought RSI
And a Red dot (sell signal ) on BlueWave
We also have an Overbought RSI
And a Red dot (sell signal ) on BlueWave
Note
its possible that NIO would run up to $39.5 get rejected and then head back down
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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.