NIO: Giving us early signs of reversal!Hello traders and investors! Let’s see how NIO is doing today!
Yes, NIO is giving us early signs of reversal, as we thought in our last analysis. Now it is dropping, but is there any reason to panic? Let’s see.
The $ 39.62 seems to be a resistance for NIO, which made it drop again to the 21 ema, and it might even retest the $ 37.89, the first pivot point that reversed the trend.
I don’t see this as a reason to worry, as NIO is doing just fine for now, and we lack bearish structures in the short-term. If we lose the $ 37.89 then ok, the bullish thesis will not work as we wish, but if we defeat the $ 39.62 NIO will fly again.
We have an open gap at $ 40, and no other meaningful resistances up to $ 46.36. The Risk/Reward ratio seems to favor the bulls here.
However, in the daily chart, the bulls are still in trouble. We lack bullish structure here, and the reversal signs in the 1h chart may be not enough. The 21 ema is pointing down, and we are below it.
It feels like if we are about to see a bullish reaction, it is still too early to tell. If we defeat the $ 39.62 in the 1h chart, it’ll be a good start, but as long as NIO keeps moving sideways, we can’t assume anything.
Let’s keep our eyes open here. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
NIO
NIO stock analysis using my boxes strategyToday I am taking a look at a Chinese EV manufacturer NYSE:NIO stock price movement.
NYSE:NIO stock price has been moving mostly sideways since the end of last year.
Price was trapped in between two major supply and demand areas: 30.5 and 54.5. This area is outlined by a big box.
The only exception was the breakout on January 2021, but price quickly reversed after rejection from the trend-line at 66.7 level.
Key points of analysis:
Boxes capture consolidation of a price range or simpler a sideways movement.
Stock price trends after a box breakout to test support/resistence.
When you see this kind of movement in price the best strategy for a shorter-term trading is buying at the support levels and selling at the next resistence.
My outlook for the stock:
I believe it will go higher in the shorter term to test 47-49 levels.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$NIO NIO delivered 7,931 vehicles in July 2021, representing an impressive 124.5% year-over-year growth. The company’s cumulative deliveries of its ES8, ES6, and EC6 vehicles hit 125,528 in July.
NIO entered a long-term manufacturing agreement with Jianghuai Automobile Group Co., Ltd., and Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd on May 24. Under the agreement, which is valid through May 2024, NIO’s vehicle production is expected to increase by 240,000 units annually.
For the fiscal second quarter, ended June 30, NIO’s revenues stood at RMB8.45 billion ($1.31 billion), representing a 127.2% increase year-over-year. NIO’s vehicle sales increased 127% year-over-year to RMB7.91 billion ($1.23 billion). Its gross profit grew 402.7% from its year-ago value to RMB1.57 billion ($243.77 million).
The Street expects NIO’s revenues to rise 109.8% year-over-year to $1.45 billion in the current quarter, ending September 2021. Its EPS is expected to grow 47.3% in the current quarter versus the same period last year. Shares of NIO have gained 171.2% over the past year.
All seven Wall Street analysts that rated NIO have rated it Buy. The stock’s $66.01 median price target indicates a potential 73.3% upside from its last closing price of $38.10. The 12-month price targets range from a low of $57.00 to a high of $72.00.
NIO To $40? Summary:
I will be placing options calls for NIO to hit $40 a share by 8.27.21 and placing these calls based on candle stick trend, Elliot wave analysis, and trend lines.
Thesis:
NIO will hit $40 based on its current uptrend in candlestick analysis, trend lines show price path and projections based on symmetrical price history. This is a very risky play as the MACD show weakening bullish divergence on the 45min as well as a high RSI. However we have an ATR of 2.80 on the daily which is supported by the Elliot wave trend line at $41.74. The solid yellow bar is an official wave while the dashed line is a drawn in continuation which we have supporting evidence that it can be continued.
Supporting Evidence:
-Average True Range 2.80 ( on daily )
-Candle analysis ( higher highs and higher lows )
-Buy signal initiated 8.20.21
-Elliot Wave formed from private script
Failure Is An Option:
-MACD shows decreasing bullish volume
-ATR is $48.00
-RSI 60.30
Conclusion:
As I consider myself a trend analyst, following the trend is key. I have had past failures due to misleading indicators. I have grown to rely on too many indicators when they are simply a tool and not a fortune teller. In 2020 when I was most profitable I followed the trend and used the indicators as a guide. I guess what I am trying to say as I am not relying on indicators on this call and ignoring the MACD, ATR, and RSI. Would love to hear your thoughts in the comments & make sure to follow and watch this succeed or fail as that is always an option.
NIO: The start of a reversal?Hello traders and investors! Let’s see how NIO is doing today!
We have an important bullish structure in the 1h chart, and this could make the difference for the short/mid-term. NIO is triggering the bullish pivot point at $ 37.89 , and if we close above it, we’ll see something new, something NIO hasn't done since it started its fall from the $ 46 area.
We have 2 open gaps that are targets for us, and they might help NIO to reverse the trend.
Now, we must keep above the 21 ema, and if this pivot point works, we might see a good reversal in the daily chart:
In the daily chart, we have a bullish Harami , which doesn’t tell much, but the Harami’s high is the pivot point seen in the 1h chart, so we have at least one confirmation of a possible rally in the daily chart.
I like the fact that the volume increased after we found a bottom, and any reaction here might lead NIO to the 21 ema in the daily chart again, around the $ 41 in the short-term.
We lack other bullish signs that could confirm a reversal in the mid-term, but the signs we see today are a good start.
Let’s follow NIO closely from now on. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
Nio Analysis 21.08.2021Hello 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 days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
This is called WSB effect..!The goal of this article is to explain the Wallstreet Bets methods.
I believe all the market participants should be aware of their effects on the market and how they could derail any asset from a normal movement.
Let's look at some of their manipulations first:
1- NASDAQ:MVST
2- NASDAQ:WISH
3- NYSE:SPCE
4- NYSE:NIO
5- NASDAQ:FORD
6- NASDAQ:AMD
7- NASDAQ:MRNA
8- NASDAQ:NVDA
9- NASDAQ:TSLA
10- NASDAQ:AAPL
11- NYSE:PFE
At this point, you must be able to see the similarities between charts and also group them into 2 different categories!
Cluster 1: Small caps
Cluster 2: Big caps
In cluster 1: they usually target 100% or above
In cluster 2: The bigger the market cap of that company the smaller the wave they could push.
The big question is Are they predictable?
I believe their movement especially on the Topside could be predicted with acceptable accuracy if you know how to monitor their money injection.
Let's review some of my published analysis about their plays:
August 17, 2021, one day before manipulation ends:
NYSE:PFE
August 10th, 2021, right at the last day!
NASDAQ:MRNA
August 4th, right at the last day..!
AMD
Defining the hypothesis:
1-The Wall Street Bets phenomenon could be a very smart Algorithmic Trading Platform that creates bullish and bearish rallies by smart money injection or withdrawal, and it is not a group of "Apes".
2- Their target prices could be predictable using Option trades data
3- Their pattern of behavior is not Pump and Dump, but it is "Dump-Pump-Dump"
4- Most of their plays were in the ARK Invest's ETFs weeks or months ago.
I do not want to make this post very long, so I encourage my followers to read this article and looking at the charts carefully.
I will share my findings of WSB in future posts.
Moshkelgosha
$NIO Analysis & Key levels$NIO Analysis & Key levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels…
Red = Key levels
Green = resistance
Blue = trendlines
If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan.
Shit… well I have NIO calls expiring tomorrow and my own TA says that’s not gonna happen (It might, just not likely)… so… it’s ok… only bad call this week
Have fun, y’all!!
NIO: What it needs to fly again?Hello traders and investors! Let’s take a look at NIO today!
Since it reported earnings, NIO has been in a bearish momentum, and it seems nothing will reverse it. The last support was at $ 38.66, and NIO lost it, but what does this means?
We are still far from May’s bottom at $ 30, and since it dropped that sharply, it has good chances of bouncing back up, but so far, we have no bullish structure in the 1h chart.
On the bright side, we are near the support level, and it seems NIO didn’t lost it completely, as we see early signs of reaction. Let’s see the daily chart for more clues:
We have a bullish candlestick pattern today, which is a start for a possible reversal, and since we are near the previous support level, now is the best time for NIO react. If we close above the $ 38.66 again, it will be a false breakout from the support level, and this will be very frustrating for the bears, as they will be stopped out.
Since we hit the support, the volume increased, and if we see a reaction, the 21 ema will be the target for us. Then we’ll see if it’ll be a Dead Cat Bounce or the beginning of a true reversal.
But I agree that today’s reaction is not the best so far, and we must wait for more information. The situation is very delicate, and how NIO will react in this support will dictate the next big movement.
If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
NIO heading towards major Support levelMajor support level acting as an LLT
look for extension on trade (yellow arrow)
one resistance zone that could slow done flow however i am not expecting it to have a huge impact of the overall trade
entry: 33.5 (bit deep in the zone but will take my chance of limit order being hit, will manage it though)
Stop: 30.25
TP: 41.7
ADDED to $NIO New Target 54.80 for 31.6%$NIO Target 54.80 for 31.6%
Or next add at 32.78
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.