Nio shares came under heavy selling pressure following Citron's report in which the firm gave Nio's stock a $25 price target.
I am very bullish on Nio and think the stock is due for a correction. Nio's 21 day Simple Moving Average (SMA) has an average price of $35 a share which I see very possible it can correct to.
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Disclaimer: This video is not financial advise. This video is for entertainment only.