NIO Inc.Long
It's Finally Time for NIO to Shine: Bullish Trade Setup Ahead
NIO Trade Setup 🚗📈
Take Profit 1: $5.00 (23.6% Fibonacci retracement)
Take Profit 2: $5.42 (38.2% Fibonacci retracement)
Take Profit 3: $5.77 (50% Fibonacci retracement)
Take Profit 4: $6.11 (61.8% Fibonacci retracement)
Take Profit 5: $6.58 (78.6% Fibonacci retracement)
Stop Loss: $4.10 (Below the support zone and the lowest Fibonacci retracement level)
Reasoning and Fundamental Analysis 📊
NIO is experiencing strong growth in the electric vehicle (EV) sector, making this trade setup especially promising. In December 2024, NIO delivered a record 31,138 vehicles, marking a 72.87% increase from the same month last year. Additionally, NIO's Q4 2024 deliveries of 72,689 vehicles exceeded expectations, showcasing the company’s solid growth trajectory.
Key factors supporting this growth include:
A diverse lineup of high-performance vehicles, such as the ES6, ES8, ET5, and the upcoming ET9 model launching in March 2025.
Onvo's L60 model, which has gained traction and is expected to ramp up production to 20,000 units per month by March 2025.
The launch of Firefly, NIO's third brand focused on compact cars, with the first model beginning deliveries in April 2025 in China and expanding to Europe.
NIO’s Battery-as-a-Service (BaaS) model, which allows users to swap batteries at stations, continues to grow rapidly. The company is set to open its 3,000th battery swap station in China soon, enhancing its competitive edge in the EV space.
With plans to double its 2024 deliveries of 221,970 vehicles in 2025, NIO is strategically positioned to capitalize on the booming EV market. This bullish outlook is the foundation for our trade, where the Fibonacci retracement levels serve as key targets for profit-taking as the stock moves upward. The stop loss is set below the key support zone, offering protection against sudden reversals.
Good luck with the trade! 🚀
Take Profit 1: $5.00 (23.6% Fibonacci retracement)
Take Profit 2: $5.42 (38.2% Fibonacci retracement)
Take Profit 3: $5.77 (50% Fibonacci retracement)
Take Profit 4: $6.11 (61.8% Fibonacci retracement)
Take Profit 5: $6.58 (78.6% Fibonacci retracement)
Stop Loss: $4.10 (Below the support zone and the lowest Fibonacci retracement level)
Reasoning and Fundamental Analysis 📊
NIO is experiencing strong growth in the electric vehicle (EV) sector, making this trade setup especially promising. In December 2024, NIO delivered a record 31,138 vehicles, marking a 72.87% increase from the same month last year. Additionally, NIO's Q4 2024 deliveries of 72,689 vehicles exceeded expectations, showcasing the company’s solid growth trajectory.
Key factors supporting this growth include:
A diverse lineup of high-performance vehicles, such as the ES6, ES8, ET5, and the upcoming ET9 model launching in March 2025.
Onvo's L60 model, which has gained traction and is expected to ramp up production to 20,000 units per month by March 2025.
The launch of Firefly, NIO's third brand focused on compact cars, with the first model beginning deliveries in April 2025 in China and expanding to Europe.
NIO’s Battery-as-a-Service (BaaS) model, which allows users to swap batteries at stations, continues to grow rapidly. The company is set to open its 3,000th battery swap station in China soon, enhancing its competitive edge in the EV space.
With plans to double its 2024 deliveries of 221,970 vehicles in 2025, NIO is strategically positioned to capitalize on the booming EV market. This bullish outlook is the foundation for our trade, where the Fibonacci retracement levels serve as key targets for profit-taking as the stock moves upward. The stop loss is set below the key support zone, offering protection against sudden reversals.
Good luck with the trade! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.