NIO delivered 6,131 vehicles in February 2022, an increase of 9.9% over the previous year. As of February 28, 2022, cumulative deliveries of ES8, ES6 and EC6 reached 182,853 vehicles. The business of the Chinese EV group is therefore confirmed as growing. The news is also good that the NIO stock is now present with its Class A common shares on the Stock Exchange of Hong Kong: a necessity probably linked to the issue of the possible delisting of the American ADR. In this regard, the best news comes from China as the Chinese government has announced never-before-seen monetary and fiscal policy operations to support the Chinese economy as well as announced to also support foreign-listed securities, such as NIO.
Yesterday, NIO [NIO] closed at $21.77 (+7.5%). Today, in pre-trading, it is +1.3%. After the highs in the $70 area, the stock started a sharp decline that led it to break the 61.8% Fibonacci retracement at $26.28. The break confirmed NIO’s weakness by initiating further falls to the low of $13, with a loss from the highs of more than 80%. The first signs of recovery in strength have come in the last few sessions even if there is still a long way to go. On Friday, the stock broke the resistance of $20 at the end of the session with high volatility and a good dose of volumes. In pre-trading, we see profit taking today. Here, the more aggressive can already open LONG positions while the more conservative can wait for confirmation between now and the next few days to see if it will exceed $20. We point out that if you put together a weekly chart, bullish engulfing is evident and also confirmed by the volumes (see graph below). We point out that the bullish engulfing on the weekly is also present on indices on Chinese stocks, which is a very important signal for the sector.
We recommend going LONG on the stock, especially on the overcoming of $20 at the end, by buying the Leverage Shares 3X NIO ETP (ISIN: XS2399365472) also listed on Borsa Italiana for a short term targets of around $26. Alert/stop loss should be below $18 (daily closing). From an investment perspective, however, we highlight the stock tracker certificates with 1x leverage (ISIN: XS2337093871).
The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the “recommendations” in current legislation and does not represent a “solicitation to invest” pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Julian joined Leverage Shares in 2018 as part of the company’s primary expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined Leverage Shares from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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