Tesla Long - Elon for President?Hello everybody.
Storyline: Elon for President? You can bet that Tesla will pump if Trump wins the elections. Besides of that, rising china sales, unveiling the robotaxi etc. pp. There are many things imo which speaks for Tesla while the masses brag about his political views.
Market: Decreasing rates, good looking economic data for the US at least.
Chart: Keep it simple! Did we create lower low on the weekly? No? Why shouldn't we attack the top 25% of the weekly swing then to confirm that we "really" do wanna go further down. I don't know and it's not in my interest to know if Tesla might even break that prior weekly high, but I do know that we logic wise should attack the top of the swing to either confirm the bearish idea or create even a higher high. Additionally, just as an idea, think of laddering. Look at the higher timeframes how we bounced off major weekly / daily levels and slowly steady climb up.
Best of luck!
NIO
NIO Stock Price Tests the 4.2 LevelNIO Stock Price Tests the 4.2 Level
For many months, the share price of the Chinese automaker NIO has been moving within a downward channel (shown in red), driven by the company’s ongoing struggle to achieve profitability.
From a technical analysis perspective, this week has provided a discouraging signal for investors – the 4.2 level, which acted as support in June and July before being broken in early August, has now been tested:
→ On the 19th, the price rose on a narrow candle (a sign of buyer uncertainty);
→ On the 20th, the price fell on a wide candle (a sign of seller confidence);
→ This suggests that the 4.2 level has likely switched from support to resistance.
This opens the door for the price to move towards the year’s low, around the 3.650 level.
From a fundamental perspective, NIO investors have reasons for optimism:
→ For the first time in the company’s history, monthly vehicle deliveries have remained above 20,000 units;
→ NIO, which positions itself as a premium brand, plans to launch a budget sub-brand called ONVO, which will offer more affordable vehicles – according to Seeking Alpha, the first L60 model cars could be sold as early as September, with 60,000 pre-orders already placed (indicating strong demand).
→ The company is optimistic about 2025.
NIO’s Q2 earnings report, due on 24 September, could be a turning point for the stock, which currently shows signs of weakness.
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Nio: Close Call!We continue to see NIO in the blue wave (iii), which should lead to an increase above the resistance at $7.02. Subsequently, we expect a small correction before a further rise completes the magenta wave (1). Should the share fail to hold the $3.61 mark, which we consider to be 48% likely, we will see it in the beige-colored wave alt. II.
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER
Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying:
Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects.
Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy.
AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us.
Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave:
Key Concepts of Weis Wave
Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure.
Price Waves: These are the movements in price, which can be upward or downward.
Recognizing Bullish Patterns
Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation.
Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive.
Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend.
Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume.
Example of Bullish Patterns
Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares.
Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control.
Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume.
Using Weis Wave for Confirmation
Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns.
Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength.
By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NIO stock - when to buy (NEW)NIO stock remains in a strong downtrend.
Generally we expect major indices such as NASDAQ and SPX to continue the downtrend as they already saw rejections from the major resistance line.
NIO looks kinda similar as it couldn't break the resistance. We expect the next leg down from where we are. The target for shorts and the buy area to play the bounce would be around $4,50 - 5 $.
If we see these prices, NIO stock would be down 93% from its ATH.
From there we expect to see some nice rally.
Reaching the buy area most likely will happen in Q1 2023. We will scoop up some for sure!
NIO ? Are traders ready to love it again LONGNIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is
competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the
EU market. Its unique concept in action is battery leasing and battery swapping making
charging time no longer relevant. Apparently, the battery swapping time from a depleted
battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite
often, I will take a long trade here with a planned duration of two earnings periods.
NIO (NIO): High Risk, High Reward - do-or-die!NIO, a stock we've previously analyzed and profited from, remains highly volatile and is currently trending downwards. From its all-time high of approximately $67, it has plummeted to $5.21. This drastic decline occurred over just a bit more than three years, which is relatively short in the stock market.
Several factors contribute to this volatility. Firstly, the automotive sector is inherently volatile. Additionally, the electric vehicle (EV) segment has faced political challenges over the past few years. NIO, being a Chinese company, has also been affected by EU subsidies for electric vehicles, adding to the stock's difficulties.
Despite these challenges, we consider NIO a compelling investment from both a fundamental and technical perspective. Currently, NIO is holding the High-Volume-Node Point-of-Control on the New York Stock Exchange, suggesting that a bottom may be forming. This level is critical to watch as it could indicate potential stabilization and a reversal point for the stock.
Short-Term Analysis
Examining the 4-hour chart for NIO, we observe a low-volume node between $6.32 and $7. Whenever the price entered this zone, it quickly moved through it, indicating the nearest possible resistance levels. Thus, the levels of $6.32 and $7.04 are particularly interesting.
Around $4.12, the Point-of-Control on the 3-day chart holds, but we could see a further decline towards the $3 mark. We are considering multiple entry points, employing a dollar-cost averaging strategy down towards the all-time low of $1.19.
Strategy
For NIO, this seems like a do-or-die situation. The potential upside is significant, with gains of nearly 400% if the price moves from $3 to Wave 4. We plan to place multiple entries and dollar-cost average downwards.
However, if the price falls below $1.20, it would become unsustainable for NIO. While the potential upside is vast, it's important to recognize the risk of the stock continuing to decline towards zero.
Given the current volatility, we find an entry before $3 too risky and volatile, so we are holding off on investment until the price stabilizes at more attractive levels.
NIO 8 AFTER EARNINGS !! NYSE:NIO
Record Delivery Expectations: NIO shares soared over 9%, hitting $5.40 on record delivery expectations. Analysts foresee surpassing last year's high due to discounts. This indicates a positive market response to NIO's potential performance, which could lead to a higher stock price.
Market Sentiment: The market's response to NIO's earnings reports has generally been positive, with the stock price rising after strong earnings reports. This suggests that if NIO continues to report strong earnings, the market could respond positively, potentially pushing the stock price towards $8.
Strong Quarterly Earnings: NIO has shown strong financial performance in the recent past, with its stock price rising after reporting strong earnings. This indicates a positive market response to its financial performance, which could lead to a higher stock price in the future.
Increased Price Targets by Analysts: Analysts have increased their price targets for NIO, with some predicting a potential rise to $8. These optimistic forecasts suggest that the market and analysts have confidence in the company's future growth and performance.
Positive Industry Outlook: The electric vehicle industry is expected to continue growing, driven by the increasing need for sustainable transportation solutions. As a leading player in this space, NIO is well-positioned to benefit from this industry growth, which could lead to a higher stock price.
Innovative Product Line: NIO is poised to add two sedans to its offerings this year. This expansion of its product line could drive sales and revenue growth, potentially leading to a higher stock price.
NIO Shares Surged Over 9% on Sales Growth ExpectationsNIO Shares Surged Over 9% on Sales Growth Expectations
As evidenced by the NIO stock price chart, yesterday's trading closed at $4.93, while today the NIO share price is around $5.40, indicating an increase of over 9%.
According to MarketWatch, the rise is driven by expectations that the Chinese electric vehicle manufacturer's deliveries are likely to reach record levels.
The existing record was set in July last year when the company achieved monthly sales of 20,462 cars. However, analysts believe this result could be surpassed in May this year due to ongoing discounts on new cars and batteries.
The daily chart of NIO shares today shows that the price is in a long-term downtrend (indicated by the red trend channel) due to the global decline in demand for electric vehicles.
However, there are fundamental reasons to expect that the downward trend will be broken:
→ China is intensifying its efforts to develop electric vehicles – the State Council has presented an action plan for decarbonisation.
→ This month, the International Monetary Fund raised its forecast for China's economic growth in 2024 from 4.6% to 5%.
Technical analysis of the NIO stock chart shows that:
→ The price is in a downtrend and below the median line, which can be expected to provide resistance.
→ Resistance may also be encountered at the $7 per share level, which acted as support at the end of 2023.
→ The $4.77 level has changed its role several times but has provided support over the past 10 days, giving the bulls a foothold.
→ The minimum C is at the 50% level of the A→B impulse, which is a sign of a bull market.
On June 6, NIO will present its report for the first quarter of 2024. If the report is strong, it could give the bulls more confidence and lead to attempts to reverse the long-term downtrend.
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NIO, doing LAST CALL for buyers at the current DISCOUNT PRICE!NIO is registering significant accumulation at the current price level. Net buy volume has increased significantly this past few days -- hinting of an incoming upside reversal.
Higher lows creation on weekly data histogram has been created -- suggesting the current price point to be the last baseline before the coming series of ascend.
The stock is currently hovering below the 78.6 FIB LEVEL -- a major order block where buyers converge. This is a discount area.
Another key note: WEEKLY DOWNTREND LINE BREAK has materialized. HUGE HINT.
Spotted at 7.00
TAYOR
Safeguard capital always.
FUNDAMENTAL NEWS:
______________________________________
NIO revenue for the twelve months ending December 31, 2022 was $7.143B, a 25.97% increase year-over-year. NIO annual revenue for 2022 was $7.143B, a 25.97% increase from 2021. NIO annual revenue for 2021 was $5.671B, a 127.59% increase from 2020. NIO annual revenue for 2020 was $2.492B, a 121.68% increase from 2019.
$NIO - $3 Price Target (Weekly Chart)Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.
NIO SHORT to $5.70, then $4.0 NIO - Chinese automaker
Fundamental
According to carnewschina.com in Q1 2023 year NIO sold 31,041 EVs - 2.46% only.
"Nio is currently having difficult times in China. Because of the price war, its sales declined, resulting in a noticeable revenue decrease. So, Nio was forced to also join the price war by cutting the cost of every model by 30,000 yuan (4,200 USD). They are obviously in need of keeping the customers’ demand high. The newly launched ET5 Touring can help them for a short period. But station wagons don’t sell hot in China. So, Nio has to push its international deliveries to start as soon as possible."
read NIO to hit the Europe soon. - I can't believe it. European market is not empty. Volkswagen, BMW, Tesla, Toyota, Honda, Hyundai and many others sell a lot right now. Top EU Electric Cars
I watched a lot of presentations, reviews. Nio EV's are really good. But the prices..
Y/Y
Gross Margin % 7.73
Operating Margin % -37.06
Net Margin % -35.01
Income -2463.40M
Sales 7.03B
Cash is melting, debt is growing.
Technical
NIO's chart goes down in the channel.
Just now price is
- near the top level of downtrend channel - Resistance $10.5
- RSI 23 is 63% (bounced from 70%). Always when RSI is on this level the price falls 30% min.
- next strong support level is $5.70
Conclusion
NIO chart is going down in the channel.
Buy for $5.70, then $4.0 and keep for 2-3 years.
$NIO - BEAR FLAG has broken - 1st PT is $3Have you shorted yet? Did you sell before the flag breakdown? As I have been discussed in my previous chart, there are bearish flags setting up. 1st target is around $3. Remember length of the flag pole = Measured downside. Continue to sell on strength with more downside profit
Nio: Home Stretch 🏁Nio is now trading around the level of March 5. According to our primary expectation, the share is likely to fall below this level once again before the magenta-colored wave (C) and thus the superordinate beige-colored wave II comes to an end. Only when this low has been established should the stock return to a sustainable upward structure. Initially, the blue wave (i) should ensure a rise above the resistance at $7.02.
China's NIO & CATL Collaborates to Create Longer Life BatteriesIn a strategic move to drive innovation and lower the overall costs of electric vehicles (EVs), Chinese electric vehicle manufacturer Nio ( NYSE:NIO ) has partnered with battery giant CATL to develop longer-lasting batteries. This collaboration aims to address the critical challenge of extending the lifespan of EV batteries, ultimately enhancing the affordability and sustainability of Nio's electric fleet.
Pioneering Battery Technology for Enhanced Efficiency:
Nio's founder and CEO, William Li, emphasized the significance of addressing the longevity of EV batteries, highlighting it as a critical issue facing the entire industry. By leveraging the expertise and resources of both companies, Nio and CATL are poised to pioneer advancements in battery technology that will significantly impact the "full life cycle" costs of EVs. This collaborative effort underscores a shared commitment to driving innovation and sustainability in the automotive sector.
Extending Battery Lifespan and Lowering Operating Costs:
With warranties typically covering EV batteries for eight years, Nio recognizes the urgency of extending battery lifespan to maximize the value for customers. By extending the lifespan of swappable batteries and reducing monthly rental fees, Nio aims to lower the overall costs of EV ownership, making electric vehicles more accessible to a broader range of consumers. This strategic approach aligns with Nio's commitment to delivering exceptional value and driving widespread adoption of sustainable transportation solutions.
Investing in Core Technologies and Infrastructure:
Despite external investments and strategic partnerships, Nio remains dedicated to investing in developing core technologies such as batteries. The company's focus on commercializing advanced battery technologies, including semi-solid-state batteries with a range of up to 1,000 km, underscores its commitment to innovation and leadership in the EV market. Additionally, Nio's investment in infrastructure for battery charging and swapping reflects its commitment to providing convenient and efficient charging solutions for EV drivers.
Driving Towards a Sustainable Future:
As Nio ( NYSE:NIO ) continues to expand its footprint in the electric vehicle market, the company remains committed to driving sustainable transportation solutions. With plans to unveil its second brand, Ledao, Nio aims to target a wider range of consumers and further solidify its position as a leader in the EV industry. By forging strategic partnerships, investing in innovative technologies, and prioritizing sustainability, Nio ( NYSE:NIO ) is poised to drive the future of electric mobility and contribute to a cleaner, greener future for generations to come.
NIO STOCK TO 10 BUCKS REASONS !!Strong Fundamentals
NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers.
Innovative Partnerships
NIO’s recent partnership with CATL to produce EV batteries that can last up to 15 years is another bullish indicator. This collaboration could lead to significant cost savings for NIO and its customers, potentially boosting NIO’s market share in the EV space.
Expanding Market
The EV market in China, the largest auto market globally, is expanding rapidly. The Chinese government’s push for green energy and the growing consumer awareness about environmental sustainability are driving this growth. As a domestic player, NIO is well-positioned to capitalize on this trend.