This EV cheap maker is not stopping in red ! no corrections no retracements ! when it corrects it corrects by the cent not by the dollar.
When the market fell in September NIO was not moved by much and that shows investors confidence in the stock since they were not running away to gold or crypto like everyone else.
This stock moved to heavy wehight by JP Morgan last month and has been skyrocketing since, and as i write this it broke 30$ today.
my stakes in this stock are very high and acc to company investment vs profabilty along with Chinese loyalty in car sales and orders, this stock is predicted by FDGT team to reach 50$ mark by late FEB.
We analyse the market with Fundamental and combined on a theory called Market Cycle Based Analysis (MCBA), which relays on waves theory combined with market and fundamentals.
Trade safe !
Enjoy the ride !
ill be posting a full update on NIO soon enough
It will dip the question is when and to how much, I don’t believe it will dip less then 32
I believe the retest will be to 30$ level but probably next week as it seems now