Double Major BEARISH Channel Intact $0.68 to $1.19 PRICE TARGETNIO Inc. Sponsored ADR Class ABATS:NIOTheTradingStarNIO is seeing high selling pressure accelerating equipped with double bearish channels at play. We see a gap from about $1.50 with price objective at the $1.19 area. 2nd price target is at around $0.68. Double short opportunity at play. Fundamentals are also deteriorating which would add more selling pressure.