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workforpip17
Jan 3, 2021 4:41 PM

NIO - Mid term projection 

NIO Inc.NYSE

Description

NIO got to our BUYZONE as mentioned from last week analysis. Now price could be consolidate around this level for a move higher toward $70 area.

Entry: Already active since last week analysis
Tp1: $55
Tp2: $66
Tp3: $70

Time to Target: Early March
R/R: 1:7

Trade active

Comments
goledger
NIO has significant upside. It's no small thing that Ford branded their EV car a "Mustang", their iconic model badge.

I will be patient with NIO (try to hold it for more than 2 weeks at a time) as it gets whipsawed with broader market movements in 2021. But it should be one of the strongest stocks for the year and I won't be surprised if the market cap exceeds $120 billion by this time next year.
workforpip17
@goledger, Very nice! Thx!
benomar87
Thanks for sharing
workforpip17
@benomar87, You're welcome, mate! Cheers!
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