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Analysis: #NYSE $NIO

Case 97 #Nio Inc (ADR)

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#NIO 1/3
Chart 1
Weekly Chart: A very young stock and very bearish too. Price managed to close above #SMA 20 - the last time it was above was in March. However #trendline support turned #resistance sits at 2.94 and SMA 50 at 3.90.

NIO 2/3
Chart 2
Daily Chart: The #Strategy is printed on the chart.

$NIO 3/3
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