NIO mid term perspective
I have been following NIO since 7 USD and at 64 USD I didn't sell (this is to say that I believe in this EV and my analysis is objectif)
So from a mid term perspective, and taken inflationary pressure into account, it is not that simple in fact.
Nonetheless, from the chart if nothing goes wrong (without HUGE swing) by summer 2021:
I expect either 60 OR 39 USD. The price is not correlated by the company business performance in China, it is decided by the WS and the FED. It can change direction without warming...
And as long as the FED does not increase interest rate, people are unwilling to make a decision.
I was very heavy in NIO, now I just put a small bet and with stop loss.
If you like my analysis, please click like, I would appreciate that.
So from a mid term perspective, and taken inflationary pressure into account, it is not that simple in fact.
Nonetheless, from the chart if nothing goes wrong (without HUGE swing) by summer 2021:
I expect either 60 OR 39 USD. The price is not correlated by the company business performance in China, it is decided by the WS and the FED. It can change direction without warming...
And as long as the FED does not increase interest rate, people are unwilling to make a decision.
I was very heavy in NIO, now I just put a small bet and with stop loss.
If you like my analysis, please click like, I would appreciate that.
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.