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Short $NIO $29.30

Short
NIO Inc. (NYSE:NIO)  
QuickTradePro Updated   
NYSE:NIO   NIO Inc.
Support and Resistance Multiple Time Frame Analysis Moving Averages NIO niostock macdivergence macddivergence priceaction
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supportandresistance mtfa movingaverage nio niostock macdivergence macddivergence priceaction
Short $NIO $29.30. Falling channel. Downtrend will continue in my opinion. Price was rejected at 200 SMA early December 2021. Made lower lows since then. Recently Tried to break above $34 area but failed to maintain the momentum. Soon will test $27 area for support. Any further sell off in this name, going to push the price down my short target of $22 area.
Trade active:
Taking support at $27
Trade closed: target reached:
Target reached. NIO trading below $22 level. More downside coming.
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