Nio Inc (NIO)

[Moonboy1]

About had enough of stocks today so last post. Taking dogs for hike. But this chart is not making much sense to me at this point. Last several days we have been in a descending channel. And that is usually a bullish indicator and a reversal will ensue. But instead we capitulated with a downward flag pole on good volume. Complete opposite of classical TA. Also on the monthly chart where it flattened around $5 it should have reversed but instead dropped into the 4s. What is going on here? And what am I missing. This, as Jordan Spieth would say, should "Go Hard!" very soon unless something really bad behind the scenes is going on. Must be the tariffs is all I can figure. GLTA