$NIO Short on Bearish Earnings -> on path to test $12
NIO Short IdeaWe expect a bearish earnings release tomorrow. We believe that the support level near $15 will be tested this week and there will be enough selling pressure to continue lower and test the $12 level within the next month.
Our Foliko AI indicator, earnings power score, is demonstrating a large divergence with
NIO's recent price levels. When this pattern emerges near an earnings event, it does not support any expectations for positive earnings news. 
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