NIO if you keep investing in NIO and average down with every drop, ask yourself this "are you only buying this because you think the stock is "cheap", or that one day it may go back to the hype price range?" While XPEV rallied 100% this stock fell 30%, being below $5 per share means most institutions cannot go long by mandate, this is a cesspool of retail hopes and dreams.
NIO stay away from this stock, every pop had been sold at longer downtrend VWAP, which means every pop is a short squeeze, there is never a genuine buy cycle. Prices are pushed up by shorts cover before earnings to avoid gap risk. Investors are not buying the battery swap narrative, its cool tech but market doesnt need it, end of story.
NIO keep an eye on this rocket soon
