CAT) and others has pressured the tech-heavy
Nasdaq into a full-blown price correction it’s still struggling with, while the likes of the blue-chip bellwether Dow Jones Industrial has rallied to new highs in three of the last four weeks.
But the stock may be readying to take over the pole position for bulls once more. Unlike some of its broader peer group, today’s Nio is now offering a combination of catalysts which should act to drive shares higher in the coming weeks and months.
Delivery Data
Off the price chart and immediately in front of the three-day Easter holiday, Nio announced its March and quarterly deliveries data. And similar to recent months, the numbers were terrific. Despite fears of a global chip shortage impacting production, a bullishly strong trend remains intact.
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