NIO 3 Reasons to turn it Bull Again or just buying the news
Not financial advice.
Will the news change my original analysis?
So up to 48 then what will it do?
Down to 24 or continue up?
If I see short I say short. If I see long I say long.
As you will see in my previous analysis.
I was super bearish on NIO and had it coming back to 24.00 once it reached 48.00 one more time.
But there has been good news come EV makers way and NIO in specific for battery swaps quotas as well with partnership with Metro A German Powerhouse Retailer that will help implement the battery swap amd charging infrastructure
And sleepy Joe unveling his infrastructure package Weds. With 250 billon directed towards EV market.
Now it'll take awhile before or if ever his infrastructure package gets passed plus whether or not NIO sees any of that $ bcuz its not an American company I don't know.
Is this enough to take it past 48?
Or will it still do as my original analysis had.
Up to 48 then lose 50% of its value
It helps that good news came its way and may be developing a head and shoukders pattern instead of tanking to 24.00
You be the judge but for now. 48 is still reasonable number to aim for. What it does from there is the question.
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Will the news change my original analysis?
So up to 48 then what will it do?
Down to 24 or continue up?
If I see short I say short. If I see long I say long.
As you will see in my previous analysis.
I was super bearish on NIO and had it coming back to 24.00 once it reached 48.00 one more time.
But there has been good news come EV makers way and NIO in specific for battery swaps quotas as well with partnership with Metro A German Powerhouse Retailer that will help implement the battery swap amd charging infrastructure
And sleepy Joe unveling his infrastructure package Weds. With 250 billon directed towards EV market.
Now it'll take awhile before or if ever his infrastructure package gets passed plus whether or not NIO sees any of that $ bcuz its not an American company I don't know.
Is this enough to take it past 48?
Or will it still do as my original analysis had.
Up to 48 then lose 50% of its value
It helps that good news came its way and may be developing a head and shoukders pattern instead of tanking to 24.00
You be the judge but for now. 48 is still reasonable number to aim for. What it does from there is the question.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
Soon to be cccllc
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Need a clear break above 42.00 to confirm on the daily. Until then I'd say it keeps grinding down wont happen overnight.