Bullish on Nio going forward

snipey
09-11

$NIO Inc.(NIO)$ $NIO-SW(09866)$ Today felt like a healthy consolidation day. It was about half the volume of the recent huge gain days and only a modest decline after massive gains since the ER.

I apparently got so relaxed with my Nio investment that I only just checked the weekly deliveries, and see that it's 4500. The first week of the month is usually very light, so I think that's a decent number, though not an earth-shaker either. Last month, the first couple of weeks were just over 3000 if memory serves, so there's still nice progress there.

And the countdown to Onvo is on (vo), and that's likely to be another catalyst next week and the following week along with an interest rate cut.

Still very bullish on Nio going forward.

NIO Jumps 15% Post-Earnings! Will the EV Giant Break $5?
NIO's revenue for Q2 2024 reached 17.45 billion RMB, compared to 8.77 billion RMB in the same period last year. After NIO released its financial report, the stock rose by 15% yesterday. ------------ Will NIO finally rebound? Is it a breakout possible? Would you add at $5? Are you still holding NIO?
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