$NIO - $3 Price Target (Weekly Chart)

18 mars

Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.

20 mars

Note

Bear Flag broken. Short to next local target around $3.80. Length of pole = measured downside.

26 mars

Note

Selling on Strength Continues

27 mars

Note

Bear flag has cracked, new leg down. Bear Channel well intact.

28 mars

Note

New leg formation. Heading lower.

4 avr.

Note

Another new local level bear flag spotted today possibly setting up, downward trend continues

10 avr.

Note

Bear Flag still intact

12 avr.

Note

Local bear flag from April 3 has cracked, heading lower.

17 avr.

Note

Downward Channel intact.

19 avr.

Note

Bearish channel intact. New local bearish flag setting up. watch for new legs heading lower. Gap at $2.50