by | Dec 16, 2020 | Daily Trade Alert

Over the last few weeks, shares of NIO pulled back from a high of $57.20 to less than $40. All on news of a stock sale. However, it appears most of the negativity has been priced into the stock. Now, after finding double bottom support, NIO could head back to $57, near-term.

We’ve recommended NIO a few times so far, mostly with great success.

To date, our open NIO trades have seen peaks of 602%, 201%, 28%, 126%, 262%. We also hold a position from a Nov. recommendation currently down -5%.

Believing NIO could be another Tesla-like mover, we’re using weakness as opportunity. Plus, the stock could see another ramp higher as we near December 2020 delivery numbers.

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