NIO’s Prime for Positive upside!
$NIO Inc.(NIO)$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!
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