Headed down - lost the 20EMA long term support

١ ديسمبر ٢٠٢٠

NIO has entered a downtrend on the daily - it looks it wants to test the 50EMA support around $43.00. If that doesn't hold and we see more volume selling, look for $35 as a target at the 100 EMA or 0.618 fib retracement.