$NIO - $3 Price Target (Weekly Chart)

18 mar

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 mar

Nota

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

26 mar

Nota

Selling on Strength Continues

27 mar

Nota

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

28 mar

Nota

New leg formation. Heading lower.

4 abr

Nota

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

10 abr

Nota

Bear Flag still intact

12 abr

Nota

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

17 abr

Nota

Downward Channel intact.

19 abr

Nota

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