NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany.
The share price is falling and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $53,88;
take-profit — $44,37/MOC price;
stop-loss — $57, 05 .
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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No. Instead Citron is giving bears a great opportunity to get screwed while itself takes short term profit from all the dumb asses blindly following their hit piece. Just a remind, those clowns did the same thing to Tesla in 2016. If you followed them back then you would had been royally fucked.
If you bought NIO knowing the company and its market then you should be chilling like a cucumber.
If you bought NIO just because of the hype then you have no idea what you are doing, and you should not be touching stocks like NIO.