hi traders,
NIO has experienced a huge correction after reaching 7,70$ in the end of September.
In my opinion, this correction is big enough and NIO may be ready for a trend reversal very soon.
Bullish divergences on 4h time frame are present which confirms my bullish bias.
If the price dips lower, buy the dip and DCA when it's cheap.
6,85$ is my target area but it won't surprise me if it goes higher.
I'm bullish on NIO and other china stocks.
Good luck