$NIO Analysis on 9/2/2021
My opinion on NIO
NIO
NIO is a electric vehicle manufacturer in China and had been delivering promising sales and had exceeded expectations for the past few months. Given that the world is currently starting to emphasize on clean energy such as solar energy and etc, the future of NIO and other companies involving in the new clean energy is quite promising. Based on the fundamentals of NIO, there are still lots of potential therefore I plan to hold NIO for a very long term until the fundamentals have changed.
Bullish scenario
If price does not break below the support area 54 - 56, and manage to break above, then it will open a new uptrend
Bearish scenario
If price break below the support area 54 - 56, the next support area will be at 48 then 39
I currently have 2 open positions for NIO
Entry price: 40.63 & 57.64
1st target price: 67
2nd target price: 84
Stop loss: 53.54
*This is my opinion on the stocks only, not investment opinion*
*Trade at your own risks*
NIONIO is a electric vehicle manufacturer in China and had been delivering promising sales and had exceeded expectations for the past few months. Given that the world is currently starting to emphasize on clean energy such as solar energy and etc, the future of NIO and other companies involving in the new clean energy is quite promising. Based on the fundamentals of NIO, there are still lots of potential therefore I plan to hold NIO for a very long term until the fundamentals have changed.
Bullish scenario
If price does not break below the support area 54 - 56, and manage to break above, then it will open a new uptrend
Bearish scenario
If price break below the support area 54 - 56, the next support area will be at 48 then 39
I currently have 2 open positions for NIO
Entry price: 40.63 & 57.64
1st target price: 67
2nd target price: 84
Stop loss: 53.54
*This is my opinion on the stocks only, not investment opinion*
*Trade at your own risks*
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