NIO’s Prime for Positive upside!

2021-07-30

$NIO Inc.(NIO)$The Overall dip in Chinese stocksthe past few days was due to Govt regulatory actions. However, I see it as an irrational market behaviour / fear. A company like NIO is performing well, compliant and has support of the Chinese Govt. Positive news and smooth transistion into Europe coupled with them building a lifestyle brand similar to APPLE is very positive to say the least.

The dip was an opportunity to load up on NIO. Looking at the chart I’ve mapped out below, I was able to get in again on NIO at $38.80/$39.90 and today if we see NIO breaking past the $43 resistance an upside is bound to happen. I reckon a positive trend to follow all the way up to the last quarter (pullbacks at certain days are of course expected).

To the moon people!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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