NIO is going higher and higher. This company has significant potential. But the stock seems to be a little bit overbought. It is not a healthy UPTREND. NIO should close the GAP and go back to $58. It could be a good opportunity for buyers.
I do believe in the uptrend of nio however, I do not think there will any significant drop in price for a while. I see consolidation around the 63 level and an increase in price by Q1 and the 80-90 range by H1. Keep in mind TSLA and other EV stocks are full of gaps however the hype of the market pushes these gaps wider and bullish momentum up. Although this is just my stance great analysis !
goledger
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They didn't give a reason for the convertible debt offering which follows the secondary stock offering in Dec 2020 just 1 month ago. I like the stock, but that just seems unusual. They must be sitting on a bunch of cash.