A dark pool trade occurred in NIO stock on October 21, 2022. We think the dark pool trade was a sell order because of how NIO stock plunged after the trade hit the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
The narrative emerges that one of the largest shareholders in NIO stock reduced a long position a day before Attorney General Garland issued charges against high-ranking Chinese officials.
U.S. Attorney General Merrick Garland announces charges against Chinese agents
Bearish Option Flow In NIO Stock
Bearish option flow occurred in NIO stock on October 24, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
NIO Stock Technical Analysis
NIO stock is in a strong downtrend. Long-term indicators suggest a continuation of the downtrend. Short-term indicators suggest NIO stock is in highly oversold territory, so a bounce or trend reversal is possible.