Blue Sky Coming
NIO has respected resistance levels a few times since its I.P.O. NIO. NIO is stuck inside of this triangle until volume improves next week. With such brutal market conditions NIO is only 12.61% below its 20 day simple moving average. Still ahead 2% for the quarter any breakouts of this triangle will cause a HUGE SHORT SQUEEZE that will cause polarity. More bad news however could sink NIO below its 52 week low of $5.35. 
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