AwesomeAvani

NIO SETUP LONG

Long
NYSE:NIO   NIO Inc.
NIO

NIO is thriving despite a faltering Chinese economy.

It has good recent earnings and is competing well with TSLA

and other Chinese EV's like XPEV In the meanwhile it

is making inroads in Europe, especially Scandanavia

They say buy low ( weakness) and sell high ( strength(.

NIO is weak right now as the chart shows. with price

below the cloud now sitting on an advance buy order

support with a low RSI. This is a buying opportunity

As ab aside BIO is said to be seeking a partnership

arrangement with a US Domestic EV company. Should

it find such agreement, it fundamentals likely would

get another uptick.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.