Greetings All,
Closed my LONGs on NIO based on bearish outlook (20/50 EMA crossover), will look for short positions on upward retrace around $40-45. NIO may bounce off 200 MA, but I'm skeptical it will rejoin the bullish channel in the coming weeks.
Here's a thought - just who's selling (panicking) and who's buying all these shares up? Supply and Demand 101. You're selling to
Happy Trading!
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