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.
