NIO - Earngins and FY2024 results, upside $6+

11 Mar

XPEV has already given a hint and direction along with BABA plus China's stimulus. Also, thanks to Trump's tariffs, people bet on China.

NIO is going to post positive earnings and FY2024 results.

I expect the price to take a leap step towards $6 with a resistance of $7.29.

Split the trades as my entries are 4.5-5. Sell the resistance.

20 Mar

Not

Latest Release
Nov 20, 2024

EPS / Forecast
-2.14 / -1.92

Revenue / Forecast
18.67B / 19.05B

A surprise of about 2% in revenue hence the price adjusts as people take a negative view of EPS. Company is selling more cars compared to an year ago. Full FY2024 to come but lets wait!

I think stock has bottomed here between $3 to $4 and we should see $6 this year.

28 Nis

Not

Time to zoom-in, NIO Is on the way to 40% increase from here, 6+ is the target. Bottomed very likely.