NIO respecting the trendline!I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions.
If not we can expect the downtrend to continue to $9.
If it reaches as low as $5-7 I will be scooping up a lot.
Good luck.
(Disclaimer : Not financial advice)
NIO
NIO still in downtrendI've had this trendline drawn for quite some time now. With China's strict covid policies still in place and econ future uncertain, i will not suggest opening a long position in NIO until it breaks this trend on volume.
Deutsche Bank says buy Nio, predicts shares can rally more than 70% as delivery volumes speed up
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post);
• Now, NIO hit a support level, the 21 ema in the daily chart;
• Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance;
• Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully;
• On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5;
• Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual.
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NIO: Waiting on the Bottom for EVsThis is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical.
For ALL Electric Vehicle manufacturers, 2023 may possibly be that big growth year. It is important to keep an eye on all new technologies because when the Post-pandemic Renaissance really takes off, the speed at which EV dominates will probably surprise most people.
The top 3 EV companies, Top 3 Semi-conductor companies for EV, the Top 3 companies for major components like solid state batteries, the Top component manufacturers for sensors, etc. are all up for grabs. Nobody has the lead right now.
It is all about who can convert to robots and robotics faster and who incorporates solid state batteries and other component integration to meet demand. Don't worry about charging stations. Those are already being built and incorporated into gas stations everywhere, corporate offices and public transportation.
$NIO Pending Reversal On Down Trend?In the chart I have provided an analysis on the following points:
1. Confirmed Supply & Demand Pockets (Total of 2).
2. If side movement continues past February 28th chart would be invalidated.
3. Break above $20 would confirm break of downward trend & place us in supply territory for Fibonacci.
NIO Inc. Options Ahead of EarningsIf you haven`t bought the $15 strike puts when i wrote you this article, which are trading now at $3.50 from $1.14:
Then you should know that looking at the NIO Inc. options chain ahead of earnings, i would buy the $12.5 strike price Calls with
2022-11-18 expiration date for about
$0.38 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
NIO: You must be aware of this KEY POINT! [Trend Analysis].• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post);
• In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5;
• What’s more, NIO is quite close to the 21 ema in the weekly chart, another resistance level, and doing a Hanging Man candlestick pattern (so far);
• However, in the daily chart, the trend is bullish now, as NIO is doing higher highs/lows and it is above the 21 ema (which is pointing upwards);
• If NIO triggers another bullish pivot point by breaking the $14 area, it will probably break this Flag upwards, and in this scenario, the next resistance around $21 becomes the target;
• Therefore, the $14 is the key point here. It all depends on how NIO will react near this price level. I’ll keep you updated on this.
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NIO purely technical playAs per chart, I think NIO will be a good short-term buying opportunity. NYSE:NIO
A retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA...
Look to enter anything above 15$/Sub 20$.
EV stocks have taken a battering just like the rest of the market, but I believe we may see a short-term rally before another dump down in Q1-Q1 2023.
Monthly high of 13$ in December would be ideal, and it can definitely still reach it before NY. That would also be ideal TP1. TP2 at 15$...
(Disclaimer pure technical play, no fundamental analysis)
NIO: Trading around a CRITICAL RESISTANCE! What's next?• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered);
• As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual;
• As we already mentioned, only if NIO breaks this upper line, it’ll completely frustrate this Flag, and it’ll reverse the bear trend;
• Either way, it is good to see it breaking the 21 ema with such strength. We don’t do that since September;
• Although NIO is trading near a critical resistance, there’s no top sign on it yet, indicating a pullback. If we see one, it might retest the 21 ema, or even the base-line again;
• The situation is critical (again), and the next movements will tell a lot about how NIO will perform in the next weeks, maybe months. I’ll keep you updated on this.
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NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
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IS IT Finally Time To Buy NIO !!!. Nio is one of the dominant players in China's hot electric vehicle (EV) market , and the company had to suspend operations at a couple of factories last month as lockdowns were imposed.
Fearing Nio's production and deliveries to take a beating, investors dumped the EV stock -- Nio shares lost nearly 33% value in just one month through Nov. 9. One day later, Nio proved its critics wrong.
The EV manufacturer beat third-quarter revenue estimates and sees significant growth in car deliveries in the coming months. And Nio's growth plans are even bigger. So if you've been watching Nio stock plunge this year but haven't pulled the trigger yet, it's finally time to buy the EV stock.
Now Backed by 29% higher deliveries, Nio generated roughly $1.8 billion in revenue in Q3, up 32.6% year over year
WHY WE DECIDE IN REVENUE TO BUY NIO AGAIN ?
Nio is planning to launch five new models in 2023 , is still eyeing a mass-market brand , and expects its gross margin to hit 20% to 25% next year if battery costs fall.
The company has a lot of cash, so it has the leeway to invest billions of dollars in the research and development of new models. That's what the company plans to do to remain a prominent player in the world's largest EV market, China, even as it expands its footprint in Europe. Europe is also the only international market Nio has ventured into so far.
The markets may expect Nio to grow even faster, but Nio's confidence in delivering a record number of vehicles and growing its revenue by 75% to 94% in the fourth quarter despite macro headwinds is nothing to sneeze at. That alone should reinstate investors' faith in this EV stock that has slumped so dramatically to prices last seen more than two years ago.
from technical view we see that stock price is going to hit 30$ in 2023 as primary target
***All of the above are published for educational purpose which is not an investment recommendation
REVENUE RESEARCH
AMMAN / JORDAN
November 12
NIO: Next targets + Weekly analysis.• NIO hit a very important support level last week, and it did a bullish reaction;
• The support area made by the purple trend line + $9.40 is the most important support level for NIO. If it loses both lines, the next support is at $5.70;
• This week’s reaction was quite intense, and NIO is trying to reject the bullish reaction from last week;
• If NIO reacts after earnings, it could bounce again to its 21 ema, however, if it loses the $9.40, any possible bullish structure will be rejected;
• Let’s pay attention on how it’ll react near the lines plotted on the chart above.
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