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NIO Inc.

Market Opportunities - 19/10/2021

19 October, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NIO Inc. (#NIO) weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Nio offers electric vehicles and parts, as well as provides battery charging services. It currently sells the ES8 and ES6 electric SUVs, and a new EC6 electric crossover. In early January 2021 they revealed their new sedan ET7 that will be selling in 2022. The company is headquartered in Shanghai, China.
  • EVENT: Q3 EARNINGS RESULTS (EXPECTED: Mid-November). In the third quarter, NIO delivered a record of 24,439 vehicles, an increase of 100% year over year. The company is expected to book 1.445 billion dollars in revenue, an increase of 10.50% quarter over quarter.
  • EVENT: NIO DAY 2021 (December 18): NIO could release at least two new models. The second vehicle to debut on 2.0 technology platform could very well be the ET5, a mid-sized sedan priced below the ET7. The ET5 is reported to arrive as a competitor to BMW’s 3-Series or Audi’s A4. Another model they could announce is EF9, a performance sports coupe.
  • RECENT HISTORY: January 9, 2021 NIO Day. The company revealed a new model (ET7), with rumors being out weeks before the event. The stock rose around 60% within the two months before the event was held.
  • STOCK PRICE ACTION: NIO stock currently trades around 40% below its recent all-time high of $66.85, tested in January 2021. If a full recovery follows, the stock could increase around 71.00%.
  • ANALYST OPINION: Morgan Stanley reiterated a Buy and a price target of $64 on the stock. Credit Suisse forecasts $80, while Deutsche Bank sits at $60 a share. JP Morgan targets $70 a share. Citigroup upgraded the stock to buy from neutral, targeting $70 a share. Goldman Sachs set a target price of $56 a share.

NIO Inc. (#NIO), October 19, 2021
Current Price: 39.00

NIO Inc.

Weekly

Trend direction

UP

Resistance 3

54.50

Resistance 2

50.00

Resistance 1

46.00

Support 1

33.00

Support 2

31.50

Support 3

30.50

Example of calculation base on weekly trend direction for 1.00 Lot*

NIO Inc.

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

15,500.00

11,000.00

7,000.00

-6,000.00

-7,500.00

-8,500.00

Profit or loss in €**

13,300.73

9,439.22

6,006.78

-5,148.67

-6,435.83

-7,293.95

Profit or loss in £**

11,247.37

7,982.00

5,079.46

-4,353.82

-5,442.28

-6,167.91

Profit or loss in C$**

19,100.19

13,554.97

8,625.89

-7,393.62

-9,242.03

-10,474.30

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:00 (GMT+1) 19/10/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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