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It is a potential stock that is quite bullish among most retail investors. Let me briefly share my opinion...

$NIO Inc (NIO.US)$ Looking at the short-term trend for next week on a 30-minute timeframe.

Q1 2021 delivery and revenue data exceeded expectations, but unfortunately coincided with the shortage of chip supply and the pressure of the Nasdaq pullback. In just two weeks, the price dropped from over $40 to $30, breaking the previous record of decline in the past few months. Judging from the trading volume and increase, the rebound on Friday was not very strong, due to investors' concerns about the short-term supply of chips. Although the delivery volume in April reached 128%, investors are still worried about the future delivery volume due to short-term chip supply pressure. $NIO Inc (NIO.US)$Looking at the news, the NIO stock price will continue to be under pressure. In the current uncertain market conditions, there is a high probability that the NIO stock price will fall back to around $32 next week, which is a weak support level. If the market falls again, there is still the risk of NIO stock price breaking through and falling below $30. Therefore, for those who plan to enter the market, they need to be patient and wait. In the short term, there is upward pressure around $35, and breaking through and stabilizing requires further observation of any significant change in trading volume before making further decisions. Remember that the stock market has no bottom, and what exists are support levels. It's not about buying stocks at a high price, but about timing them correctly! Options traders should try to avoid NIO and pay attention to the impact of short-term volatility...
It is a potential stock that is quite bullish among most retail investors. Let me briefly share my opinion...
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