From TradingView · · 30s
Double Major Bearish Channel Intact for NIO
NIO price target $0.68 to $1.19 as double bearish channel holds.
In brief
NIO price target $0.68 to $1.19 as double bearish channel holds. NIO trading at $1.19 with $0.68 price target after double bearish channel. Originally reported by TradingView.
NIO Trading Pressure
NIO is seeing high selling pressure accelerating equipped with double bearish channels at play.
Price Targets
Price objective at $1.19 with second target at $0.68.
Fundamentals Deteriorating
Fundamentals are deteriorating which would add more selling pressure.
The bottom line
NIO trading at $1.19 with $0.68 price target after double bearish channel.
