NIO 2/17 10P

Updated
Wait it pops to resistane level 12 to entry puts.
fundamental: EV sector will tank with tsla, a chinese ev NIO, another penny stock in the near future.
NOT only NIO, also LI, XPEV. plus china subsidy will end by the end of 2022.
technial: a bearish flag on daily chart, first target 10
market: 12/26 market close, 1/2 market close. do you think market will bounce hardly during the holiday season?

Note
did anyone see their new car event?
wtf, they turn the event into a live concert.
Too much marketing, too bad for a ev company
Note
expect to deliver 38500 in q4, was expect to deliver 43000 lol
pre market down over 5%
a penny stock is coming
Support and Resistance

Disclaimer