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NIO’s Bullish Rebound off Green Support Line

$NIO failed to meet earnings expectations and had a selloff. However, NIO has formed a bullish rebound off this green support line. I think NIO and most Chinese stocks are undervalued. The key challenge is the narrative that Chinese stocks are uninvestable. I think there could be some more buying opportunities under $5, and a DCA approach could pay off for those who want to patiently wait until Chinese stocks start to gain some bullish momentum.

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