We find asymmetric growth setups before the breakout
Elliott Wave | Cycles | Fundamentals
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$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.