Tea-Trades

NIO SETTING UP NICELY

Long
NYSE:NIO   NIO Inc.
NIO Setting up nicely. Its character is to occasionally pullback to 50 day. Likes to ride the 10ema. 21 day crossing back below the 10 day in last week could be bullish.

Beat earnings last 3 quarters

Cup on Cup

Currently, China is the largest market for EVs in the world. In large part, this is a reflection of government policy which is looking to reduce emissions to improve the environment. As a result, the Chinese government has offered a variety of incentives including rebates, tax credits, and quicker approval times for vehicle registration.


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