NIO is considered by many as the "Tesla of China'', however, the company was running dangerously low on cash as China's automakers deals with fallout of the coronavirus pandemic, declining new car sales and the loss of generous government subsidies to build electric vehicles. NIO has secured new funding as of April and additional investments today. In light of this I am including NIO in my picks of green portfolio stocks for 2020
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We are halfway there. I am pulling 1/4 of the position and going to break even. If it stops me I will get back in. Enjoy!
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This is the first target and possibly a temporary midpoint. You should be off this with half profit. stop pulled even. Thanks tons.
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If you do not have profit off this you need to take some. Thanks, guys! I am waiting for the next target but look left and understand the support at six bucks. Thanks!
Trade closed: target reached
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Ok this has hit everyone. worked out great! Will update you in a bit should go higher but I am pulling profit. Cheers!
I started buying this stock Jan '19. 70k shares and 17 months later Nio has definitely turned the corner with the Hefei deal and the best selling China EV SUV ES6 for the last 7 months in a row. Time to get on this train before May record breaking sales numbers come out next week.
@HOPE.bleecker, I made one hundred dollars; thank you for your "idea" post. I dont have a big stock account, but every little bit helps. Of course, I would never had blindly taken this trade, but another person I respect also showed a similar idea.