I continue to be short Nio - the little garbage stock till the 18s this week... I expect a little bounce around 18.80/ 18.85 till that finally breaks but I do not expect that to happen just yet, when it does though, that has plenty of downside. Stay turned. More downside coming this week for things.... In the event NIO holds the 20.77 and makes it way back to 22.80s, I expect a full rejection there and just be a little more patient for the 18s to be showing up. They are on their way.
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I love to see all the small accounts buying garbage stocks because that's all they can afford getting smoked. Go burn your money little ones. NIO will be in the 2- 3 dollar range when all is said and done and all your crying and carrying on just makes smart people laugh.
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I did take some of my NIO off today that I have had since the 23s. Its either a bull flag to the 22s or down tomorrow. Why not take some off and I will get back in. If 22s is here, you know what to do. This garbage stock has plenty of downside coming, even short term. Long term, this garbage is going to 2, 3 bucks.