$NIO Update: Upped my short sell entry to $19.33
I increased my short sell exposure to $NIO this morning to a new cost basis of $19.33. We are re-testing the 30 week SMA currently which often leads to further rejection as seen through a stage 4 downtrend. We still have the gap to fill under $10 as I expect this to fill by end of year or early 2023.

Green Candle Investments's avatar
what is something that you like about $NIO business?
Preston | Investor Insight's avatar
@greencandleit I dont - I am short $NIO as they are still very overvalued in my opinion. I see them trading under $10 in the future.

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