NIO is looking Weak
As you can see with NIO, we have a Descending Triangle (which is bearish) on the daily timeframe
We also have an Overbought RSI
And a Red dot (sell signal ) on BlueWave
We also have an Overbought RSI
And a Red dot (sell signal ) on BlueWave
Note
its possible that NIO would run up to $39.5 get rejected and then head back down
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