$NIO - $3 Price Target (Weekly Chart)

18. März

Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.

20. März

Anmerkung

Bear Flag broken. Short to next local target around $3.80. Length of pole = measured downside.

26. März

Anmerkung

Selling on Strength Continues

27. März

Anmerkung

Bear flag has cracked, new leg down. Bear Channel well intact.

28. März

Anmerkung

New leg formation. Heading lower.

4. Apr.

Anmerkung

Another new local level bear flag spotted today possibly setting up, downward trend continues

10. Apr.

Anmerkung

Bear Flag still intact

12. Apr.

Anmerkung

Local bear flag from April 3 has cracked, heading lower.

17. Apr.

Anmerkung

Downward Channel intact.

19. Apr.

Anmerkung

Bearish channel intact. New local bearish flag setting up. watch for new legs heading lower. Gap at $2.50