I've been hopeful for $NIO as a possible growing company in the field of EV; it seems to have been struggling especially compared to competitors.
Is coronavirus going to be the 'nail-in the coffin' so to speak? Will competitors flush it out? I don't expect the upcoming ER to bring good news.
Perhaps all the successful $TSLA investors will look to diversify into companies like $NIO? Or will they get crushed?
I'm going to short this one and watch from the sidelines until more news and info develops.
*this is my first publication as a novice trader/take it easy on me*
Is coronavirus going to be the 'nail-in the coffin' so to speak? Will competitors flush it out? I don't expect the upcoming ER to bring good news.
Perhaps all the successful $TSLA investors will look to diversify into companies like $NIO? Or will they get crushed?
I'm going to short this one and watch from the sidelines until more news and info develops.
*this is my first publication as a novice trader/take it easy on me*
Trade active:
Looks like a successful Short!
If you're hopeful and confident in $NIO and thinking the upcoming Earnings Report will bring more buyers and higher price action, this looks like a good entry point resting at the ~$3.75 Support zone.
Personally, I think the company is going to continue a downward trend, the E.R. may bring a short pop in price but I'm resting easy with my Short and moving on to more viable companies.
Happy Trading!
If you're hopeful and confident in $NIO and thinking the upcoming Earnings Report will bring more buyers and higher price action, this looks like a good entry point resting at the ~$3.75 Support zone.
Personally, I think the company is going to continue a downward trend, the E.R. may bring a short pop in price but I'm resting easy with my Short and moving on to more viable companies.
Happy Trading!