Let's see if $3.71 is going to hold on Friday .

29 May 2020

Let's see if NIO will bounce back from $3.71 level tomorrow (yellow channel line),if not then it can potentially go down to ~$3.51-$3.40 area. On May 26th Morgan Stanley reported increase of NIO shares (bought on March 31) ,I am just wondering if that May 26 report is a set up (trap) for the investors .Next few days will show if in the light of "positive news" NIO price going to fall down (Morgan Stanley-selling part of their shares ).

29 May 2020

Not

And sometime in July Morgan Stanley will report decrease of their position ("bad news") right before price will go up again .