As one of the most liquid stocks in the market (in terms of daily traded volume), I daresay that NIO is considered a favorite amongst both short-sellers as well as long-term investors. Having just recovered from overbought territory, NIO is currently trading at 30% off its highs and currently sits on its GOLDEN CROSS (convergence of its 50 day SMA and 200 day SMA). This can potentially mark a reversal of its bearish trend since February and the start of a new rally. With expectations building up, will the NIO Power Day 2021 (to be held on 9th July 2021) serve as a catalyst to push up the stock further? Let’s take a quick look at how NIO has performed to date and what investors can expect to see from NIO’s Power Day this Friday.

I’m a huge NIO bull but despite my personal opinion on NIO, I seek to

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