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ACCUMULATE NIO SHARES WHILE ITS CHEAP!Possible bullish breakout next week because of the symmetrical triangle pattern which will probably finish at 100% Fibonacci extension level (45-45.5), possibly won't go to 138.2% level (48.23) because of the resistance level of March 13 at 46.28. There are reasons why its going to have a bullish breakout next week: 1) Strong support at 61.8% Fibonacci retracement level 2) Symmetrical triangle pattern (higher lows, lower highs) 3) Highly correlated with Tesla (95% correlation) and Tesla has bullish ascending triangle pattern now 4) The secondary indicators on 4 hours timeframe are showing that NIO is oversold more than overbought. And don't forget about Dow Jones theory, on 31 of march NIO broke the downward trend (Recession phase) and now its currently in the Accumulation phase with considerable consolidation of the price. Probably next week we will see the start of another bull rally (Public participation phase) to achieve new peak (Distribution phase), but higher than the last peak of 67 dollars per share...
NYSE:NIOLong
by Traderkz1
7
Bullish level we observe on NIOToday we will continue with a series of posts we started on NIO; Our objective is to define clear filters on the stock and then trade if the price full-field our filters. First, let's take a look at the big picture: Here we can see 2 key structures: The ascending trendline and the support zone. Currently, those levels are converging, and the price is exactly there. From a technical perspective, we can conclude that we are in the best zone in terms of probable scenarios to find a reversal movement. Now, let's take a look at the main image (post image) We can see that the price made a clear formation (yellow lines) after breaking the descending trendline. The formation has been between those yellow lines for 25 days. On April's one, we saw a first breakout attempt on the structure. We are observing this small white flag pattern on the edge of the yellow one, and we think that the breakout of that pattern may be the trigger for the bullish movement we are expecting. Final Conclusion: We have an activation level of 41.08, meaning that if the price reaches that level, we will consider that our bullish view is ACTIVE. Our invalidation level is set below the structure and below the massive support zone at 36.49 (that will work as a stop loss level or as a cancelation level for the setup). Our first target is the next resistance zone at 46.00 (there, we will move our stop loss to the entry-level "RISK-FREE"). Our final target is 53.90 (there we will close our full setup) / The risk rewards ratio that this situation offers is 2.75 (that means that if we risk 1USD on this setup, we are aiming to make 2.75USD, If you have a 50% win rate then congratulations, you are profitable) Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
Is TSLA Cycling between 600 to 704? With the marketing calming down from last year, TSLA could be going into a range trade opportunity between 704 to 600. Currently I'm watching high levels of 683/695/704 to see if it will break through resistance or bounce back down towards 600. Moving downwards, I'm watching 683/ 672/ 660. Be sure to watch volume as you confirm entry points . I'd be also interested in how Biden's infrastructure plan effects the EV market as that news is a bullish variable.
NASDAQ:TSLAShort
by SmartLion
Nio bull runLooking like a good buying opportunity for NIO. When all the media settles down, NIO's EV products will be back into focus. Considering they're China's home brew Tesla ( with an arguably better battery ), they'll probably be received better by locals, and at the very least provide healthy competition in the market for EV's. The ups and downs seem to stick to the fib retracements pretty well, so I've used the same ratios for the new run upwards. Let's see how this plays out over the next month or so for me.
NYSE:NIO
by chimera_brendo
1
Electric vehicle (EV) stocks cool - will Volkswagen rise?EV stocks compared to Volkswagen - Nio, Tesla, Li Auto, Workhorse Group, Kandi Technologies, Arcimoto, BYD Volkswagen recently drew attention with its plans to compete in the EV market, and investors bought into the news. Look at a 2021 daily chart, and it is striking that seven popular EV stocks are all negative for the year. These stocks made sky-high gains in 2020, so this recent "cooling off" makes sense. Volkswagen is a newcomer in the EV market, yet it is an established global brand. Most people agree that EV companies have high growth potential, but investors should check prices before buying. This chart shows price performance over the past 12 months, and after this year's selling most EV stocks still have sky-high gains. Technically, looking at individual stocks, some are at support and others have room to drop. The next earnings reports will provide a reality check, and here are some questions to consider: Did these companies make significant progress, revenue increase, or earnings growth, to warrant such dramatic stock price increases? Did investor sentiment and global stimulus money lead to "follow the crowd" buying? Will EV stocks head lower in 2021 if interest rates rise? How do the P/E ratios and EV/EBITDA ratios compare? Will sentiment lead Volkswagen to outperform other EV stocks this year? Will Volkswagen be a top EV stock over the next five years? Notes: * All companies directly produce EV's * Warren Buffet has a stake in BYD * Scale is based on U.S. Dollar price change
OTC:VWAGY
by OptionsRising
LI to the moon or down to square one!Dear Traders, We were all excited when LI stock started to reach it's ATH in November but it has been on a down trend since then. A lot of its supporters have bailed out and are waiting for it's next big move. Is that big move now? Based on this analysis, we have a strong price rejection at our major support line shown in red, which could a sign of trend reversal. We still need confirmation if that's the case. It looks like the Elliot correction waves C is almost completed today but again we need to see another price rejection at 33.50. If that happens then with a little bit of turbulence on the way, the target should be between 50-55. Otherwise, we have to go back to square one and see if the next support at 18 will hold this up. Let's see how things unfold. Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert. If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going! Thank you AH
NASDAQ:LI
by MarkitMaven
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher. My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style. I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some. Have fun! Not investment advice. just ideas.
NASDAQ:TSLALong
by primroseverglade