NIO Inc. — decline holding, distribution accelerating

NIO is at week 5 of a sell signal, +10.94% from entry. The 22% intermediate rebound in the 5.1 area — a double bottom structure — faded within a week: the last 2 closes turned negative again and distribution has intensified sharply. Those already short have captured a significant part of the move; the key question now is whether the double bottom holds or breaks.