Positions:
https://preview.redd.it/dv6cljhxw31h1.png?width=855&format=png&auto=webp&s=e2e81475f0f3a3d9a0182087fc1bac42d62d6332
Fundamentals:
I have it on good authority (some guy on the internet claiming to be Chinese) that Li Bin (NIO's CEO) is so corrupt he'd make Musk and Trump squeal in adoration! We all know in the EV world corruption = good, ergo NIO stonk go up!
Seriously, though NIO is a classic turnaround story. Achieved GAAP profitability in Q4 and is on course to do so again. Only Chinese EV maker whose sales have increased. Slashed RD to shift to production. Their E9 SUV got rave reviews. They're branching into Europe with their Firefly model. On top of that they have the battery exchange moat. They just pushed their earnings call to 5/21 from an earlier 6/4 date, so my guess is the stock will zoom during the next 4-5 weeks! Obligatory em dashes:— — —
TBH though I don't care about fundamentals. I'm too smooth-brained to understand balance sheets and too regarded to listen to analysts. So let's talk about something more interesting:
Technical Anal-lysis:
Look! Pretty chart with lines and arrows. Lines went down, stonk went down. Now lines go up, so stonk go up!
https://preview.redd.it/j3jofjq7x31h1.png?width=815&format=png&auto=webp&s=1047a8df95e8f450cc14a19418635d95a7cfbd40
A weekly chart with a Gaussian Channel. If you know what that is you may have a wrinkle. I don't. Looks sparkly, though!
https://preview.redd.it/8smgdq49x31h1.png?width=815&format=png&auto=webp&s=d546e26392f387bce232b4cd95cdfc0cc2386a06
Seriously, though, both NIO's weekly and monthly chart shows multiple bullish flags. Price action, RSI and MFI break-outs on the monthly. Gaussian channel break-out on the weekly. Triple bottom with higher lows. Golden Cross. etc... First resistance will be at \~$8.50 then another at \~$12.50. If NEO breaks through that though we might see upper twenties or thirties by the end of the year.
If you want to double-check go to tradingview. Folks there are even more regarded than us redditors, some even have wrinkles on their brain. If you look any of the analyses posted over the last two months, they're all bullish.. even if they get the company wrong. The only bear case is by a user named unemployeddd....
Lastly: 6/18 Call options are bonkers!
Remember GFS options a while back? Well NIO's 6/18 calls are even crazier! A whoopin' 200k calls are already ITM, with another 430k OTM on 6/18. Moreover, the open interest has been increasing by \~10k a week since I tracked it in early April.
https://preview.redd.it/fldfialjx31h1.png?width=585&format=png&auto=webp&s=90830b594942d75820268a34441381bb696f7b5a
Granted, it's possible a bunch of regards, like myself, went "Oh, cheap options! Shiny. Must buy!" but I'm just going to pretend that I didn't think of that. Instead, obviously the only reason for this can only be: "someone knows something!" Did I mention NIO is corrupt and the concept of insider trading doesn't exist in China? So manipulation is bound happen! I hope... Pleeeaze? Seriously, Xi Xingping, if you happen to read this, please help a brother out and pump this. I'll cover my apartment in communist flags and build a shrine to Chairman Mao if NIO rips to $20+ by 6/18.
Tldr: Colorful charts say stonk go up. NIO and CCP are corrupt, so stonk go up.