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Potential short opportunity
NIO Inc.
Short
Potential short opportunity
By stylishtrotter
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Dec 31, 2021
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NIO rejected resistance at 33 area and closed right under it. From what I see, I think we retest 30.80 support area before a potential bounce.
If it however fails at 30.80 area of support then today’s action was simply a pop on news or like most traders like to call it a pump and dump.
This is my first idea so please let me know your thoughts
Support and Resistance
Trend Analysis
stylishtrotter
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