NIO Long on Disappointing Earnings

2024年3月5日

NIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO

did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers.

On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator

confirms that NIO is in oversold undervalued territory. NIO is at the bottom of the high volume

area of the profile and has been trending down with the first lower VWAP line as resistance.

I see NIO as likely to trend up as the China economy improves and for that to be reflected

in the next earnings report. NIO's innovative battery swapping program where the car owner

buys a car without a battery and is able to swap out an energy depleted battery for a freshly

charged one in 3 minutes at any of the NIO owned battery stations as a way for NIO

to excel no matter competition from the others in China including TSLA. NIO is now selling

cars in Scandinavia which should serve as steeping stone to further expansion in Europe.

2024年3月6日

註釋

Price action today allowed for the stop loss to be raised above
break even for a risk fee trade. Call options up enough to take
off 25% of the position. NIO rising while TSLA slides is certainly
a bit dooming for the latter.

2024年3月6日

註釋

See also

2024年3月6日

註釋

Bullish divergence of the RSI on the main chart forecasts a move higher in a reversal

of the trend down.

2024年3月7日

註釋

mostly sideways today. Added 25% to the position at the morning dip at price of 5.5.

2024年3月8日

交易進行

Reversed to downside 50% closed now watching to see if it reverses again.

2024年3月10日

註釋

NIO finished out after- hours right where it stated Friday- In the end a revesal to the upside and so maybe more next week.