NIO Inc.
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Potential short opportunity

368
NIO rejected resistance at 33 area and closed right under it. From what I see, I think we retest 30.80 support area before a potential bounce.

If it however fails at 30.80 area of support then today’s action was simply a pop on news or like most traders like to call it a pump and dump.

This is my first idea so please let me know your thoughts

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