NIO to trend before up

As much as we all LOVE NIO, markets do what they do - unless social media groups get involved #wsb - and in NIO’s case, I’m expecting a trend line touch as the RSI(14) hasn’t hit 50% yet.

NIO reports early in Feb on delivery’s. Hoping for 7k+. 10k would be amazing...

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NIO delivered 7,225 vehicles in January 2021, increasing by 352.1% year-over-year
• Cumulative deliveries of ES8, ES6 and EC6 as of January 31, 2021 reached 82,866

NIO also opens new manufacturing plant over the weekend! Come on NIO!

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We’ve finally made it to the trend line!

Key dates:
- Feb 19 - Options expire
- Mar 9 - Earnings report