Since my last post, NIO value has declined slightly over -23%, a decline purely based on fundamentals such as GM's patnership plans with LG energy to open a $2.3B batterycell gigafactory
I still believe the Stocks intrinsic value is unmatched in the industry all factors considered.
Also, since my last post, the company has unveiled 5 new models adding to its EV...
The commodity is currently in consolidation with multiple failed break outs around the $30 psychological price point.
On the Daily, Price is well above the 200 MA and if current Market momentum is anything to go by, it seems the bull run is far from done.
My Sentiments :
The $30 Mark is currently the greatest upside resistance at this point. A break above it...