r/nio
My thoughts on Short volume increasing by at least 2 million and the stock price the next week to 2.
Author notes increased short volume and short-term bearish trend but plans to DCA, citing oversold RSI and strong long-term holder base.
- Over 93% of publicly traded shares are held by long-term holders, indicating strong underlying support.
- RSI is at 32.x, approaching oversold territory, suggesting a potential rebound.
- Author plans to DCA in the coming weeks, showing confidence in long-term recovery.
- Short volume increased to 137.8 million with short percentage approaching 6.8%, indicating immediate bearish pressure.
- Technical charts suggest a possible short-term drop to $4.78, with worst-case scenarios reaching $4.00.
https://preview.redd.it/ervfqrgiyb3h1.png?width=1320&format=png&auto=webp&s=c42b17dd193e5838de9f06b0916b49cabaf9bf7a
As you can see, the volume of shares shorted is 137.8 million today where it was 134-135 million recently. The short volume percentage was below 6.5 reaching 6.4 now it is approaching 6.8%. This means people borrowed shares hoping to sell them now and buy them back at a lower price. While it indicates a bearish trend in the immediate term. It also means over 93% of the publicly traded shares are held by long term holders.
I hope the shorts lose, and the stock price goes up. But the charts indicate a possible trend to $4.78 in the immediate term. Maybe this shorting will cause that to happen, possibly exhausting sooner in next week or two. Currently the RSI is at 32.x and the lowest so far has been 23.xx for the YTD chart.
https://preview.redd.it/8j6t6qvc0c3h1.png?width=3448&format=png&auto=webp&s=e85e1c5dd5b11f00472f34673ecb72ad0a90dd7d
https://preview.redd.it/d4b9ysvc0c3h1.png?width=3454&format=png&auto=webp&s=dd0bda1ac041e18aa3276869ff8dbabcc13fc395
I am planning to DCA (Collar Cost Average) tomorrow and over the next week to two.
I read article which said, it might touch $4.78 with support at $4.48 and the worst case being $4. I am hoping it stops at $4.78 tomorrow or the coming week. Maybe Jue will be good for us.
Dont worry in 200 years we will all be laughing at the shorts when the share price hits $10. Its about the long term
$10 after 4 Splits
Hell yeh
Someone is making bank on this stock, meanwhile 93% of investors live with daily dreams and promises.
its about the long term investment. My grand kids in about 50-100 years will be able to sell it at $8.
You're trying to be funny. $8 in 100 years. I want what you're on. More like $6 in 400 years. Remember, slow and steady. We don't want this stock to move too quickly.
Lol
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firstly, I am mandarin conversant.
secondly, I have real interactions with NIO users in China.
I hope this explains.
- In the resale market, NIO Group EVs are the only ones experiencing a buy order from the 2nd hand EV dealers.
- With their FSD update, NIO EVs ( except for its NT1.0, which is their Gen 1 NIO EVs ) are experiencing a 1st tier smart driving experience. Afterall, NIO has the most advanced hardware, from its chips, lidar, etc.
- NIO EVs are facing an increase in its resale price in the resale market, because of its ability to separate the EV shell from the EV battery.
- Eventually, resale NIO Group EVs have to pay the FSD software fees, as this FSD are only free for the 1st 5 years for its direct NIO EV buyers and not available to the resale EV buyers.
In short, NIO is actually a SAAS company than a traditional automotive company.