Hi Longs...
If you did not see this, here it is.
Rumor is, NIO has secured an additional $1.4 Billion in funding from 6 Chinese Banks. See link below
China "WILL NOT" let NIO fail!
cntechpost.com/2020/07/09/nio-reportedly-to-get-over-10-billion-yuan-credit-line-from-six-chinese-banks/
Also, I think today was a major breakout. Why? On September 4, 2018, NIO hit an all time high of $13.80 and today, the stock closed well above that price.
With the old high taken out today, I don't see any overhead resistance.
I think this stock is going to $50 real soon especially if and when the shorts start covering almost 150 million shares they control.
If you're short, you need to start covering because I think China will cause the biggest short squeeze in the history of Wall Street very soon!
By betting against NIO, you are betting China fails. As you know, China will not let that happen.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
If you did not see this, here it is.
Rumor is, NIO has secured an additional $1.4 Billion in funding from 6 Chinese Banks. See link below
China "WILL NOT" let NIO fail!
cntechpost.com/2020/07/09/nio-reportedly-to-get-over-10-billion-yuan-credit-line-from-six-chinese-banks/
Also, I think today was a major breakout. Why? On September 4, 2018, NIO hit an all time high of $13.80 and today, the stock closed well above that price.
With the old high taken out today, I don't see any overhead resistance.
I think this stock is going to $50 real soon especially if and when the shorts start covering almost 150 million shares they control.
If you're short, you need to start covering because I think China will cause the biggest short squeeze in the history of Wall Street very soon!
By betting against NIO, you are betting China fails. As you know, China will not let that happen.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Note
NEWS07/13/20
Tencent Holdings Limited Raises Stake in NIO from 15.1% to 16.3%
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.
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.