Jul. 9 at 8:44 PM
$NIO $XPEV $LI
Despite NIO’s strong operational performance, Wall Street still seems happy to ignore it 🤷🏻♂️
Recent performance from the lows:
-NIO:
$4.66 →
$4.78 (+2.6%)
-XPENG:
$11.77 →
$12.98 (+10.3%)
-Li Auto:
$11.65 →
$11.91 (+2.2%)
XPENG has clearly shown much stronger relative strength, which is why I added to my XPENG position today instead of buying more NIO.
As for NIO, my next purchases will either be below
$4.50 or above
$5.20 after a confirmed breakout. Until then, I’ll continue allocating capital elsewhere.
I need to see whether we’re going to establish another bottom or if this is finally the start of a sustained move higher.
Tomorrow should give us an important clue. Either we move closer to
$5.00, or we define a new bottom before the next leg higher.
