$NIO has respected resistance levels a few times since its I.P.O. $NIO. $NIO is stuck inside of this triangle until volume improves next week. With such brutal market conditions $NIO is only 12.61% below its 20 day simple moving average. Still ahead 2% for the quarter any breakouts of this triangle will cause a HUGE SHORT SQUEEZE that will cause polarity. More bad news however could sink $NIO below its 52 week low of $5.35.