Bearish
$NIO I’m not a TA guy but the first time I looked at NIO chart I was able to create a clear picture of just where it was headed along with the psychological makeup of investor mentality. Full chart clearly shows areas of resistance/ weakness with all of them being lower highs which is just ONE of the reasons I’m not bullish until MAYBE $2.50-$2 and that’s a BIG MAYBE as it’s gonna be fast approaching even perhaps this week, and if it does reach this level I may have to revise my target to $1.75. Good luck to EVERYONE tho and best to ALL but until then EXTREMELY
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