Can NIO Maintain Its Momentum?
NIO(NIO) Seeking Alpha·2024-09-13 22:00
Robert Way Investment Thesis NIO (NYSE:NIO) has surged by more than 25% since our last coverage in July, entering a clear bullish trend and validating our previous technical analysis. The upward momentum is supported by strong technical indicators, such as the RSI moving into a bullish zone and the Volume Price Trend (VPT) showing accumulation, both signaling continued positive movement. NIO's robust Q2 results, driven by significant revenue growth and record vehicle deliveries, further strengthen the compa ...