Probably my favorite stock of 2020 ! Been trailing it since it was on 6$ and the Chinese Gov gave them fundings in mass in the beginnig of the year.
This EV cheap maker is not stopping in red ! no corrections no retracements ! when it corrects it corrects by the cent not by the dollar.
When the market fell in September NIO was not moved by much and that shows investors confidence in the stock since they were not running away to gold or crypto like everyone else.
This stock moved to heavy wehight by JP Morgan last month and has been skyrocketing since, and as i write this it broke 30$ today.
my stakes in this stock are very high and acc to company investment vs profabilty along with Chinese loyalty in car sales and orders, this stock is predicted by FDGT team to reach 50$ mark by late FEB.
We analyse the market with Fundamental and technical analysis combined on a theory called Market Cycle Based Analysis (MCBA), which relays on Elliot waves theory combined with market volume and fundamentals.
Trade safe !