$NIO Inc.(NIO)$
• Overbought setup: RSI near 80 is unsustainable. Even if earnings look “okay,” stocks often sell off after big pre-earnings runs.
• Reality check: NIO is still burning cash. Losses last quarter were almost RMB 6.8B (~US$930M). A single “less bad” quarter won’t erase that.
• Peer valuation: It’s trading like it’s already profitable, so any disappointment can hit harder.
I'm shorting it now~
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Comments
Stocks are always forward-looking.
If management keeps its promises on spending, then it's the right direction towards profitability. Though I prefer more spending cut to ensure profitability.
Chart is just a guide only so it can always be overwritten.
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Show your trade and you will be remembered.
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Remember to cover your tracks fast.
Those who have taken their profits today can buy cheaper. $6 looks good.
Expect registration numbers to be flat.
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Don't think can see $5.50 again for this year.
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Seems like plenty of time to cover back.
FOMOs assisting in your quest.
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