1) NIO has shown strength in the last few days, alike many other EV stocks
2) NIO posted record high deliveries for Q1 and indicates the launch of production of a new sedan with the most advanced technology we've seen in a car to date.
3) Technical analysis shows A nice double bottom has formed on the chart. It perfectly bounced back at the level where the first bottom was formed.
4) $40.02 is our first level of resistance - it's an important level we do want to break and keep on moving to former support at $45 to indicate a strong reversal move
5) The rotation, interest rates, employment new figures and bond yields may stimulate the stock growth.
6) The chip shortage and potential 8% dilution in Hong Kong listing may act as a counter force.
2) NIO posted record high deliveries for Q1 and indicates the launch of production of a new sedan with the most advanced technology we've seen in a car to date.
3) Technical analysis shows A nice double bottom has formed on the chart. It perfectly bounced back at the level where the first bottom was formed.
4) $40.02 is our first level of resistance - it's an important level we do want to break and keep on moving to former support at $45 to indicate a strong reversal move
5) The rotation, interest rates, employment new figures and bond yields may stimulate the stock growth.
6) The chip shortage and potential 8% dilution in Hong Kong listing may act as a counter force.