(Investor here)Opinion on stock price - Share yours

Investor summaryNeutral

Author expects NIO to trade around $5, supported by the 100-day MA at $5.47, unless macro news shifts the trend.

Bull points

NIO's recent operational performance has been very good.
The 100-day moving average is acting as a strong support level at $5.47.

Bear points

Risk of dropping to $4.78 if the $5.47 support level fails to hold.
Stock likely to remain range-bound around $5 without positive macro news.

NIO电动车

Post body

https://preview.redd.it/9x8uqpe4yh2h1.png?width=3456&format=png&auto=webp&s=58e895dec4468e9bd932038d370e5837dc333f78

100 day average acting as support at $5.47. This needs to hold else I feel we might see $4.78. NIO's performance was very good. Huge IPO's are coming. I think in the 5's is where the stock will be unless there is some MACRO good news or drop below $4.78 if there is worse news.

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