I think the scenario that happened in
UPST
Q2 23 earnings is about to repeat in NIO's Q3. Almost the exact same chart setup, the only thing though is different is that NIO is a Chinese stock, and you really cannot predict how will the market digests the results. If and only if the results are outstanding the market might still not favor it.
Despite the above, I still believe it has a setup for a pop.
Not a financial advice, no position, might consider a starter after earnings.
Good Luck
UPST
Q2 23 earnings is about to repeat in NIO's Q3. Almost the exact same chart setup, the only thing though is different is that NIO is a Chinese stock, and you really cannot predict how will the market digests the results. If and only if the results are outstanding the market might still not favor it. Despite the above, I still believe it has a setup for a pop.
Not a financial advice, no position, might consider a starter after earnings.
Good Luck