$NIO deserves a lot more attention at current levels. The setup here is looking extremely compelling, and fundamentals seem utterly strong. Wave 2 should bottom very soon, and wave 3 should take us up above $12. The stock seems massively undervalued, trading at 0.5x P/S. Revenue is expected to grow 52% YoY. High Oilprices are a huge tailwind, as demand for EV's spiked masively, especially in europe. Meanwhile their ADAS is now on track with $TSLA and $XPEV. Additionally their EV lineup is looking very strong recently. There's a reason the USA has 100% tariffs + Hardware ban on chinese cars.

Oil prices are on track to rise for a fourth straight month, amid fears the US could resume attacks on Iran. Kpler oil analyst Naveen Das told Reuters traders are taking long-term positions, anticipating further supply swings

OIL PRICES FELL AS RENEWED US-IRAN DIPLOMATIC CONTACTS EASED FEARS OF FURTHER MILITARY ESCALATION. BRENT DECEMBER FUTURES DROPPED 0.4% TO $114.88, WHILE WTI DECLINED 0.8% TO $102 A BARREL. TEHRAN SIGNALLED OPENNESS TO DIPLOMACY, THOUGH UNCERTAINTY REMAINS OVER POTENTIAL US AND ISRAELI MILITARY ACTION AFTER THE NOVEMBER 3 US MIDTERM ELECTIONS.

Oil prices fell to around $114 a barrel on Tuesday amid a growing number of geopolitical developments that could affect energy markets in the coming days: Evening Briefing Americas