high 16´s maybe, i just dont see the Chinese letting this go back down all the way to 10.
i trade as well on a secondary platform and the chart is a lot cleaner, since the trade times on NIO Inc are more frequent than on here.
I see the 9-10 gap as well very visible on the Daily and Weekly. There however seems to be a tiny hidden gap on the 4h around 16.80-17.00, which corresponds with the upward trend line. I will be keeping an eye on that area to see if it breaks, if it does then it is more likely to drop down to the 10s and maybe even single digits. but i dont really see this going below 16´s high 15´s maybe.
With high deliveries for August and Q3 around the corner Nio looks to start making gains beating 2019 numbers even in Covid times, i believe Nio wishes to be within the 30´s where it will trade at range for a long time while they expand. it would take a couple more years for Nio to test the Triple digit area...
They first need to be completely autonomous like Tesla to play within Tesla price range... Meaning they need to get to the point where they produce and manufacture everything or near 100% of all the components they require to build their vehicles.
Right now it looks like all revenue is only coming from sales and the future income of battery swap stations (cause its like gas, only your swapping a battery and you still have to pay for the service). They first need to control their manufacturing, until then you can forget the moon.
If it does take a dive for the crapper and reach that gap that is also good, big discounts is always appreciated .
IrvingAlexis
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@AngryTuna, Great input. I agree with you $10 may be a little farfetched. The breaking of my line at $17.20 will confirm a huge drop.
Working in this this industry in the Silicon Valley I see dozens of EV customers and I just don't see this being a break through.
Lithium on the other hand is the true investment LACPLL PLUG. All these EV companies need local lithium