NIO Inc.Long
NIO, REVERSAL COMING!
Hello fellow traders and investors, here's another trade idea.
NIO has recently pulled back to the bottom of the channel, if NIO makes a recovery to the take profit zone it offers around a 40 to 50% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the EMA's crossover and break above the trendline.
When To Sell:
I recommend selling at the take profit trendline which offers around a 40 to 50% ROI.
Fundamentals: NIO manufactures and produces electric vehicles. They have a debt/equity of 1.02, sales growth Q/Q of 146.5%, EPS growth Q/Q of 60%, a profit margin of -50% and a short float of 5%. NIO is trading at many multiples of what it's currently worth however the reason for that is because of its tremendous growth. NIO isn't profitable yet and has quite a bit of debt.
Rating: 50/100 the technicals are good and the fundamentals are decent because their valuation is overpriced however they have great growth.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks
NIO has recently pulled back to the bottom of the channel, if NIO makes a recovery to the take profit zone it offers around a 40 to 50% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the EMA's crossover and break above the trendline.
When To Sell:
I recommend selling at the take profit trendline which offers around a 40 to 50% ROI.
Fundamentals: NIO manufactures and produces electric vehicles. They have a debt/equity of 1.02, sales growth Q/Q of 146.5%, EPS growth Q/Q of 60%, a profit margin of -50% and a short float of 5%. NIO is trading at many multiples of what it's currently worth however the reason for that is because of its tremendous growth. NIO isn't profitable yet and has quite a bit of debt.
Rating: 50/100 the technicals are good and the fundamentals are decent because their valuation is overpriced however they have great growth.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.