NIO: It Finally Took Off, But It Might Come Crashing Back Down

Dec. 09, 2022 12:49 AM ETNIO Inc. (NIO)10 Comments

Summary

  • NIO has rallied over 30% in the last month as the company posted encouraging sales data.
  • However, there is an explanation for this increased demand, and the Chinese economy is still weak.
  • Technical analysis suggests NIO could still have further to fall.
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Economic crisis that will affect the world grow of inflation and fuel price

Leonid Sorokin

Thesis Summary

NIO Inc. (NYSE:NIO) has rallied over 30% in the last month following encouraging delivery data as well as some other exciting developments. The company is executing well in China and continues its European expansion.

With that said, there is

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Disclosure: I/we have a beneficial long position in the shares of NIO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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