Long NIO towards $61

1 Ara 2020

NIO

Consolidation for Chinese EV is slowing down, good time to enter again.
Quite surprised I was lucky to predict NIO to long towards previous $57 before the dip happened.
Correlation between Chinese EV and Tesla remains distraught.
However, this consolidation is expected and healthy.
If rejection continues at $50 as we have been seeing for a while, the next price target is $61.
Either ways, for those investors who have yet to enter, it is a good time to enter NIO.