Exiting LONG positions. Securing Profits.

Greetings All,

Closed my LONGs on NIO based on bearish outlook (20/50 EMA crossover), will look for short positions on upward retrace around $40-45. NIO may bounce off 200 MA, but I'm skeptical it will rejoin the bullish channel in the coming weeks.

Here's a thought - just who's selling (panicking) and who's buying all these shares up? Supply and Demand 101. You're selling to

Happy Trading!

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註釋

NIO found support at the 200MA, which technically makes the stock bullish. But, I'm neutral until NIO closes above the red trendline, which is acting as resistance