5% drop in share price on 77% increase in trading volume today after good news reported for June deliveries.
This is not how retail investors behave. It is how hedge funds behave.
This is indicative of a well-timed short attack to trigger stop-losses and buy back at lower price given the intrinsic upward momentum built into the stock for July.
Price target by end of July is $60-$75.$NIO Inc.(NIO)$
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