TheTradingStar

$NIO - $4.60 Price Target intact with 2nd Bear Flag

Short
BATS:NIO   NIO Inc.
I called the previous bear flag which did eventually completed the bear flag and continued to leg down. A 2nd bear flag has now formed. Imminent further breakdown. If the initial bear flag plays, out, price target should hit around $4.60 (length of pole of flag = measured downside).

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