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Replies to #534 on Nio Inc (NIO)

Another Casualty

09/20/18 11:44 AM

#536 RE: tdeck #534

I'm not a big fan of shorting. News drops on this and you could be in trouble. That being said this chart is becoming more predictable every day. Didn't take a rocket scientist to see the pull back. I'd keep my focus on the $8.00 mark. That's a key battle ground at the moment. I dont see a major run playing out due to the companies current fundamentals. So positive news will make this move. No news and it will continue downward. I'd expect it to break 8.00 soon if nothing happens. Plus volume is dropping off and with it momentum. These runs we're seeing now is nothing to shake a stick at.