The gap needs to be filled on price. RSI and other technicals show that NIO is overbought. Wait for correction to go long or enter the sell. Keep stop loss tight incase of earnings are positive.
Comment:
Please check EBITA, assets, Debt to income ratio before posting. A simple look upon their financials over the past years will dictate that they are in need of cash. They are burning through money at an astronomical rate "burn rate". I am long term bullish and short term bearish.
Stock is currently overbought. Short sellers might get squeezed by a pump up in price tomorrow but a correction is needed as many investors will cash in their profits.
Also, please check institutional and retail order volumes.
Thx.
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Stock is currently overbought. Short sellers might get squeezed by a pump up in price tomorrow but a correction is needed as many investors will cash in their profits.
Also, please check institutional and retail order volumes.
Thx.