Nio Has Big Plans for 2022

FACTS: Nio delivered 24,439 vehicles in the third quarter of 2021. That roughly doubled its total from the previous year. The company closed the year with over $7 billion on its balance sheet. It expects to deliver between "23,500 and 25,500 vehicles, representing an increase of approximately 35.4% to 46.9% from the same quarter of 2020," the company said in its Q3 earnings report.

I am expecting a breakout of the descending trendline, so my frist trade of 2022 was buying more $NIO Inc (NIO.US)$ for a long term holding.

Hope it turns out well. Good luck to all mooers in 2022!