Niolong
NIO Technological Potential + $7.50 Long PredictionI own NIO, so I may be bias about this and things I say regardless shouldn't be taken at face value. That being said, NIO is a relatively low cost stock for a corporation that is competing in the electronic vehicles industry. True, that they are mostly Chinese based, however this doesn't change marketcap potential. Even though the stock been mostly negative recently, the positive potential lies not just in tech, but also demand. NIO peeked before past a $10 price point, and looking at the past few month even, you still could have lost money on NIO. It is a high risk stock but still has great potential. I believe in terms of my price prediction, it is very viable we could be entering another bullish period and one could expect a $7.50 price point around 2023. This is still long ways ago, and done through my preferred charting analysis. That being said, it still is high risk, and it is one of those stocks that you may need to hold on to for a while. It also could be vulnerable to panic selling. An interesting thing is to see NIO's upcoming EV releases, business decisions, and even international news surrounding their location to better understand the big picture.
NIO- Long-term bargain price is within the grasp. Don't miss it!Please click like and follow me if enjoy my posts! :)
Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl.
Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain price is hard to pass up despite the unfavorable external environment. The prudent approach would be to determine the total amount you want to put in, then use the pyramid method to scale in slowly as the price moves down lower.
I would grab my cheap shares of NIO if the price falls inside the buy zone and set the tight stop loss if the price falls below the buy zone.
*Dow, Nasdaq100, S&P500 and S&P400 are all still below SMA 200. SPX 50SMA/200SMA crossover seems imminent.
*Futures market seems indecisive. Dow and S&P500 are up while Nasdaq is down.
*GDP final and initial claim filing figures will come out tomorrow. Both reports may have the negative impact on the stock market tomorrow.
*Manufacturing related economic indictors may have the impact on NIO so it is worth to pay attention to them as they come out.
*COVID-19 growth factor slows down for the first time since Mar.11. Yesterday's growth factor was 0.86 (Below one means the exponential growth slows down)
DYOR! Not an investment advice.
Alex Vieira Urges Buying Millions of NIO SharesAlex Vieira Urges Buying Millions of NIO Shares. He upgraded the stock to Strong-Buy at $1.6 after calling the crash. He also upgraded Tesla to Strong Buy $179 urging to acquire a massive investment
