TheTradingStar

$NIO - $4.60 Price Target with cracked flag, WEEKLY Death Cross

Short
BATS:NIO   NIO Inc.
I have been posting ever since the weekly flag has been setting up, the stock has finally cracked below the flag. If you have shorted on the crack, kudos to you. Potential downside is to $4.60. Remember the length of the flag pole equals to the potential measured downside which normally equates to about same length of the original bearish flag pole. We also see a bearish death cross on the weekly MACD and the squeeze mod is also curling over in a bearish downturn.

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