NIO The Big Flop
Early this year I made this chart after the 40% cliff fall from $10. Now that these parallel lines have been breached I look for the rebound above those lines. As far As I am concerned this stock is dead until then. I also would like to point out the overwhelming bullish sentiment in the community. Usually this is a heavy indicator for more downward movement. As always I follow 3 main rules while applying basic charting and geometrical proofing. 1.Block all noise. 2. Charting and volume. 3. Have fun and make money.
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