NIO Inc.Short
Yikes.
Get out while you can. Descending triangle is just waiting for the RSI to get crushed by that resistance line. So much HOPIUM in this stock it's absolutely ridiculous. Reason it hasn't broken down yet is instituitions need TIME to unload their bags onto retail and need to FEED retail that HOPIUM. Once they have finished UNLOADING THEIR BAGS onto YOU.......it's gonna drop through that horizontal support line.
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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.