The article speak too soon. Nio closed yesterday in the red zone. Today it’s -4.4%.
Nio is more volatile than Telsa.
I think in the short-term Nio could test the 35 levels again, when It does I think it will run up back to 40.
I think over the next few months Nio will float in the 35-45 range so if you can get your timing right and your analysis is good you could 3LNI on the way up and then short it on the way down, but its very high risk (I think shorting opposed to Long is more risky)
In very long term, stock markets aim to be bullish. So, shorting is therefore more risky because you are against the global long term move. But if you identify a trading range like you did, you can play intraday the movements inside the trading range, the best when you do this is to have a stop loss at 47 if you are short and a stop loss at 33 if you are long.
Otherwise (and purely personally, this is not the opinion of GraniteShares), I think the markets will have to be strongly corrected sooner or later. US equities may be bought back by the Fed if the drop is too steep. It will be an incredible opportunity to go short, although it is always very difficult to position yourself at the right time.
I was right about the fourth dip for Nio! - Surely we should have enough momentum in the next few weeks to break through the 40’s again.
We have been in a EV/high-growth correction phase for months now, I think end of this year Nio could reach the 60-70 range again.