I know most of you are probably disappointed that NIO didn't pop to $16+ yesterday. Rumors have it that JPM are dumping the stock for the limit orders and/or for their calls.
Nevertheless, judging by the technicals... it looks like that $16+ jump is just around the corner... my guess is that it'll be $16+ by the end of the week or next week.
Steady hands, my...
Seems like a good value play here. Short-term upside to 6.47, 7.68, and then 8+ (downside to about $4.68)
Stock value is about $14.
+It'll go back to $10 if USDBRO goes above $50
+Backed by Hutchison Group (Li Ka Shing owns 63% of the company)
+Depreciated price from lowered dividend already priced in (back in April)
- If oil goes below $30 (which...