$NIO Inc.(NIO)$ $NIO-SW(09866)

2024-12-10

$NIO Inc.(NIO)$ $NIO-SW(09866)$ Most likely bottom is in, NIO bottomed out. 50MA overhead, resistance at 5.50 if flipped, it will be to 7 fairly quick. I can see this playing out to $12 within 2-3 months with the help of some Chinese stimulus.

NIO has experienced a huge correction after reaching 7,70$ in the end of September. In my opinion, this correction is big enough and NIO may be ready for a trend reversal very soon. If the price dips lower, buy the dip and DCA when it's cheap. I'm bullish on NIO and other china stocks.

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