Long VRM and Short Nio
NIO is overprice and the whole tech sector (and especially the EV sector) is in a bubble, so I would like to short NIO.
On the other hand, what if this bubble will last many more months?
So let's long VRM (that should be able to sell used Tesla or any other EV car as well and will do well even if the whole market shifts to only EVs).
From the TA point of view, on the weekly chart (long term idea), we are in accumulation after braking the trend, and the RSI has a lot of room to grow.
From Marketcap point of view, Nio (chainees market only) is about 20 times bigger than VRM.
Tell me what do you think.
This idea is for entertament purposes only. Do your owen research.
On the other hand, what if this bubble will last many more months?
So let's long VRM (that should be able to sell used Tesla or any other EV car as well and will do well even if the whole market shifts to only EVs).
From the TA point of view, on the weekly chart (long term idea), we are in accumulation after braking the trend, and the RSI has a lot of room to grow.
From Marketcap point of view, Nio (chainees market only) is about 20 times bigger than VRM.
Tell me what do you think.
This idea is for entertament purposes only. Do your owen research.
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