NIO Inc.Short
$NIO Struggling to sustain??
Updated
I've been hopeful for NIO as a possible growing company in the field of EV; it seems to have been struggling especially compared to competitors.
Is coronavirus going to be the 'nail-in the coffin' so to speak? Will competitors flush it out? I don't expect the upcoming ER to bring good news.
Perhaps all the successful
TSLA investors will look to diversify into companies like NIO? Or will they get crushed?
I'm going to short this one and watch from the sidelines until more news and info develops.
*this is my first publication as a novice trader/take it easy on me*
NIO as a possible growing company in the field of EV; it seems to have been struggling especially compared to competitors. Is coronavirus going to be the 'nail-in the coffin' so to speak? Will competitors flush it out? I don't expect the upcoming ER to bring good news.
Perhaps all the successful
TSLA investors will look to diversify into companies like NIO? Or will they get crushed? I'm going to short this one and watch from the sidelines until more news and info develops.
*this is my first publication as a novice trader/take it easy on me*
Trade active
Looks like a successful Short!If you're hopeful and confident in
NIO and thinking the upcoming Earnings Report will bring more buyers and higher price action, this looks like a good entry point resting at the ~$3.75 Support zone. Personally, I think the company is going to continue a downward trend, the E.R. may bring a short pop in price but I'm resting easy with my Short and moving on to more viable companies.
Happy Trading!
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