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stockmankam

NIO make or break?

Short
NIO Inc. (NYSE:NIO)  
stockmankam  
NYSE:NIO   NIO Inc.
Support and Resistance Trend Lines Parallel Channel nioshort Tesla Motors (TSLA) tslashort
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supportandresistance trendline parallelchannel nioshort tsla tslashort
NIO seems to have been following this downward channel for the past three months, volume has been nowhere near what it is was in the past.
A close over 40 would be bullish for me but although I am overall bullish for June...if it can't break and hold over 40, I will be looking to short NIO back down to ~30.

(VERY BOLD PT: 28.20)

Happy Trading!

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