Johnstonks8

Possible drop before long run.

NYSE:NIO   NIO Inc.
You can read my last post on why NIO will hit the 70 dollar price target soon. However, for the short term, It may come back down to hit the third fib level and become oversold at the same time to create a greater motive to buy.

Just keeping all outcomes on the table, not financial advice, do your own research, this is just what I see happening.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.