NIO - Bearflagging in the key zone

• Rejected VMA at 24 and now showing signs of bearflag on daily.
  
• Early to call, but any push above hear and below VMA (black line) should be treated with skepticism. In fact, it'd be a good spot to short with the S/L just overhead at VMA
  
• If it can close above VMA, then watch for continuation to 30-32 before pullback.
  
• Disclosure: I am long at 20.90, will give it a couple of days with breakeven stop loss if the pricer moves higher or 20.50; whichever hits earler.