Let's see if NIO will bounce back from $3.71 level tomorrow (yellow channel line),if not then it can potentially go down to ~$3.51-$3.40 area. On May 26th Morgan Stanley reported increase of NIO shares (bought on March 31) ,I am just wondering if that May 26 report is a set up (trap) for the investors .Next few days will show if in the light of "positive news" NIO price going to fall down (Morgan Stanley-selling part of their shares ).
Note
And sometime in July Morgan Stanley will report decrease of their position ("bad news") right before price will go up again .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.