NIO
Nio Analysis 12.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Relevant levels on NIO + Explanation.Today, we will look at the relevant levels of NIO and what we can expect from them.
The first thing is defining the current context:
a) The price is making a corrective formation (defined by the support zone and the descending trendline)
b) The current drawdown is 59%
c) The current duration of the drawdown is 365 days.
From where we are right now. Which are the next relevant levels for bullish and bearish scenarios?
Bearish Scenario: Currently, the price is below the support zone. IF we don't observe bullish movements above 32 / 33 in the short term, the price may drop towards the next support/resistance zone at 14.00, which means an 80% drawdown.
Bullish Scenario: Assuming the price is able to move above 32 / 33, we may observe a reaction on the descending trendline. That would be a short-term bullish target. However, observing a breakout of the descending trendline could be a positive sign for position traders. It's important to say that when we have the breakout of structures of this size, it is normal to observe some corrections/throwbacks before new massive movements start.
Thanks for reading! Feel free to share your view in the comments.
LIFETIME OPPORTUNITY IN CHINESE STOCKS ?BZUN :
Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know.
Tell me what you think.
I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls.
All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see.
NIO and BABA charts look also good.
Trade safe!
NIO, 15 MinNYSE:NIO
NIO, 15 min
Buy at 26.38
Sell at T1: 28.42, T2: 29.66
Stop Loss at : 25.25
Please read the disclaimer
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DISCLAIMER:
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NIO, Daily, Descending TriangleNYSE:NIO Daily, Descending Triangle
In General, NIO in a Bad shape
it may respect the Bollinger band and reach target one at 33.10 temporarily. However, it may also keep drooping, breaking the Support Trend Line breaking the other s/r lines 25.77, 19.43 ..etc
---------------------Disclamer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NIO found Daily Support. Bullish SwingJustification and PTs provided on Chart.
Daily Chart:
(1) Bounced off Support
(2) Hull Moving Average (period 16)
(3) MACD Bullish Crossover
(4) RSI low and trending positive
PT1: $38 (0.618 Fib) and at Downtrend Resistance
PT2: $40.7
PT3: $44.27
Expected PT1 ~ end of Jan 2022
NIO's backslide. looks eh.It's probably a fine company longer term, but at the moment it is backsliding into new lows. If it's not bought up quickly, it may be trapped under a new ceiling for a while.
The only benefits I see for NIO is that it has a longer range battery than tesla, but the price tag of $100k+ for any model and not having total technological superiority isn't a market dominating proposition.
$NIO Bullish Outlook for 2022First off, I would like to preface this position with the concrete evidence of NIO further positioning itself as the primary EV of choice of the Chinese population. The market in which they are already expanding in has potential to result in return, especially long term that will be incredibly lucrative. Furthermore, as society and the political spectrum further shifts towards green energy, specifically limiting carbon footprints - IMO China per recent actions will indeed turn to EV's as a first step in this process as environmental concerns are paramount and relevant. This relevancy alone will create demand, in which NIO is already ramping up production for and enhancing the consumer experience via rest stations with amenities at charging stations for example. This is from a fundamental perspective, to further support this stance I will now move onto the technical analysis of NIO and its correlation for a bullish 2022...
As we can see from the chart, recently we have seen extreme selloffs and huge dips in price, larger time frames support this per price lagging under many of my EMA including the 200 day, this alone can support a buy, but that would be ignorant to make a trade off of one variable alone. Furthermore, as we can see per the fibonacci levels of retracement price has bounced and is holding, we will see price grind upwards at each of the levels above within the near future. Specifically, price has broken above our the first level of support after a FULL 100% retracement downwards, this presents an great buying zone and more importantly, an opportunity to play off the fear and uncertainty which is a vital staple of my trading strategy and one of all successful traders, in my personal experience. The final technical aspect of this chart that I love the most and validates my position is the recent bullish volume spike of buying volume that sent us up to our first level of support, shows conviction and actual big money positioning themselves early. Lastly, NIO from a fundamental and technical perspective IMHO will have a huge 2022 with a price target of $50 EOY 2022, longer term its growth and price.
If you all enjoyed please let me know and leave a like, any comments and or feedback is always appreciated!
2021 Market's Most Important LessonsIn 2021 I learned a lot of lessons..!
The most important lesson of 2021 for traders could be:
1-The market is a dynamic phenomenon..!
2- Reevaluate your positions.
3- Monitor the changes closely.
4- Accept your mistakes and correct them asap.
5-Prices will not always repeat
Best,
Moshkelgosha
Set Alerts for these linesThe art of catching a fallen knife takes lots of patience.
The best time to buy a falling stock is when it starts reversing, and for that you need to have at least 2 confirmation levels for NIO to break.
Before buying in NIO, you would need it to break the resistance trend line CONFIRMATION 1.
Then for a strong trend reversal confirmation you need NIO to break the resistance line CONFIRMATION 2.
Draw these 2 lines and set alerts for them.
Let the trade come to you, don't chase the trade!
$NIO To Make a Comeback to $35 Level?NYSE:NIO Daily Chart
NIO has just bounced off recent descending channel support, with price leaving oversold territory.
Engulfing bullish confirmation candle is a welcome sign to signal a reversal to resistance levels of descending channel, which looks to be around the $35 level.
Overall longs be wary as market is incredibly volatile and while RSI is showing signs of a bullish reversal, MACD has yet to reflect sign of buyers regaining strength.
Lastly, NIO has been on a downwards trend over the past year so conservative longs may choose to stay out as the overall price action calls for a short biased approach.
NIO - mid term overviewNIO is in consolidation for long time after big upwards price action in form of falling wedge/channel.
Currently sitting on weekly support with oversold condition on RSI.
Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.