NIO stock is a stock that moves based on momentum. As soon as Nio peaked at $16 and failed to hold at $15, it's confirmed that NIO has lost it's momentum and dipped as a result from profit taking and fear created by Goldman Sachs.
1 mistake I noticed many newbies out there make is by buying the dip too early ($11-$12) due to fear of missing out (FOMO).
What I'll do instead is just wait and let the bearish momentum ride out.
I believe we will see the stock dip further to $9. Once that happens, I'll be looking to add my stake at $9, and more if it dips further