Will NIO Stock Keep Soaring Despite October Delivery Drop?

Описание: Here is our next video about NIO stock analysis. Nio stock plunged 3.3% on Monday when the company announced a jaw-dropping 27.5% YoY decrease in October car deliveries. However, the NIO stock price jumped more than 9% after that to reach $41.68.

NIO stock today is trading 1.8% higher at $41.58 as of 1:52 pm GMT. According to the NIO stock price analysis, the investors shook off from the initial reaction when hearing the NIO stock news and used the dip as a buying opportunity. The company announced the orders of vehicles reached an all-time high in October which pleased the market.

NIO also announced that the drop in vehicle deliveries in October was due to a reduction in production volume as a result of the restructuring and upgrades of manufacturing lines, as well as because of certain supply chain volatilities. NIO shares could also benefit from the EV sector boost due to the recent Tesla deal.

Watch‌ ‌the‌ ‌full‌ ‌video‌ ‌for‌ ‌our‌ ‌take‌ ‌on‌ NIO shares 2021 and‌ ‌‌a‌ ‌deeper‌ ‌insight‌ ‌into‌ ‌what‌ ‌to‌ ‌expect‌ ‌in‌ ‌the‌ ‌weeks‌ ‌ahead‌ ‌from‌ our NIO stock predictions. ‌Drop‌ ‌us‌ ‌a‌ ‌line‌ ‌in‌ ‌the‌ ‌comments‌ ‌with‌ ‌your‌ ‌thoughts‌ ‌on‌ the NIO stock forecast.
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00:00 Intro
01:54 NIO fundamentals
04:23 Support and resistance
04:54 Technical analysis
08:48 Recap

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