NIO
How to choose between Two stocks in the same sector?A comparison between NASDAQ:TSLA and NYSE:NIO
Trader point of view:
Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together!
NIO/Tesla price ratio YTD:
How you can benefit from this?
When NIO/Tesla reaches 0.08, sell NIO, and when it is near 0.05 Buy NIO
If you are a trader and love to work on volatility, Buyin and Shorting NIO will always be better than Tesla!
Investor point of view:
If you are an investor, investing in tesla would be a better option for you because of lower volatility and better performance! however, I recommend investing in neither Tesla nor NIO.
Because:
They both have experienced a decrease in trading volume in 2021, and made lower high patterns in weekly charts:
NIO-REVERSE HEAD AND SHOULDER, BULLISH WITH CONSOLIDATION1) LONG TERM REVERSE HEAD AND SHOULDER PATTERN,
2) BULLISH TREND WITH CONSOLIDATION BEFORE BIG BREAK OUT,
3) ANTICIPATED NEWS IS ALSO MENTION FOR BRIEF DETAIL,
4) ONE MAJOR FACTOR TO THIS IDEA IS THAT MARKET FACTORS WILL AFFECT THIS IDEA,
5) MY CONSERVATIVE PRICE TARGET IS 72 DOLLARS BY THE END OF DECEMBER 2021.
** I AM USING MY 10 YEARS EXPERTISE TO BREAK THE FORECAST ANALYSIS FOR YOU. I AM USING THIS IDEA FOR MYSELF.
** THIS IS NOT AN FINANCIAL ADVICE, JUST THE IDEA.
** SO GOOD LUCK.
**IF YOU AGREE TO THIS IDEA THEN PLEASE DON'T FORGET TO LIKE THIS IDEA.
Is FORD Getting More Love from the Market? This company has been the day traders favourite recently
But can we invest in it on swing basis?
I have marked the descending parallel channel.
Will it go and bounce off the upper trend line
or will go through it and the trend will resume
I am a buyer here!
NIO: Many patterns for us!Hello traders and investors! Let’s see how NIO is doing today! We have many interesting signs around, and I’m sure it’ll be worth keeping an eye on the points mentioned here.
First, in the 1h chart, we have a pivot point at $ 43.66. If NIO defeats this point, it has a good chance of reversing the bear trend for good. We have been on a series of lower highs/lows in the 1h chart, and this movement would bring something new for NIO.
By defeating the pivot point, and trading above the 21 ema, NIO could reverse the trend in the mid-term too, meaning, in the daily chart:
We have a Piercing Line pattern on NIO, just like on PLTR, but the difference is that the volume on NIO is looking better. We almost hit the 61.8% Fibonacci’s Retracement , and yesterday, we closed above the 50% retracement. This is a powerful sign.
Today it seems we have a Gift pattern : A small candlestick that follows a powerful candlestick (in this case, the Piercing Line). Gifts are just corrections seen in smaller time frames, and often they create pivot points in the 1h chart.
Now it seems NIO has everything to start its reversal, we just need to wait for more confirmation . We must not lose the 61.8% in the next few days, otherwise we might drop to lower levels.
Meanwhile, let’s keep an eye on the points and patterns mentioned in this analysis. And if you liked this idea, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped you!
Thank you very much!
If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months.
let's review a few posts to have a much better idea of what I am talking about.
XBT
April 26th, 2021:
One Swallow Does Not Make a Summer (or Spring)
NASDAQ:TSLA
June 24, 2021
Honeymoon is finished..!!!
NYSE:NIO
July 1st, 2021
Check and Mate..!
NYSE:AMC
June 9th,
Apes blood bath
I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..!
However, I wrote one answer to most of them: "Kneel".
I am happy they pay for it, they deserve it..!
The good news is the worst has yet to come..!
What goes around comes around...
Be careful here! ❌We are still above the support at 42, and we have a consolidation. If we don’t break the 44.59 next week, we’ll fall more.
Considering the advanced breakdown on the RSI, chances are that we’ll drop to the 39, to the next fibs retracement. It’ll confirm this idea if we break through the 42.34.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Weekly Forecast 15th July 2021Nio forecast 15th July 2021
Not a stock that I would look at too often because I've noticed that the price for Nio moves similar to TSLA. However, because this period of time is so volatile it has made these EV stocks rather fun to trade as it exposes many opportunities to capitalize on most traders' weak appetite for volatility. That being said, EV stocks have been going through an emotional rollercoaster for the first few quarters of this year as traders shift their money away to other sectors after losing the adrenaline that this sector used to offer. I believe that this sector was over-extended by a large margin due to new and rather ignorant investors (evident from the CCIV mess that occurred) in the past chasing past returns, but hopefully, that won't be the case in the near future.
Looking at the weekly graph, we can observe that the general trend of the stock appears to be looking bearish from the RSI and Stochastic oscillators; other than that there isn't too much information to base a final decision from.
I'm ignoring the daily graph as it doesn't hold anything of significance for my analysis today.
In the hourly graph, we can see that there is definitely a divergence from price and the RSI indicator which suggests that we could expect a change in direction of price. This divergence can also be spotted in between the stochastic and price action. With the two effects, this makes me rather confident that there might be a reversal in price in the near future.
Forecast:
So for my optimistic case, I can see price changing to be bullish where it will test the long-term resistance at 50-52. From there, we will need more candles to determine what might happen.
For my more neutral case, It is likely that the price might take a short drop to the $40 area where it may reverse back to the upside where it will test the resistance.
Take this observation with a grain of salt. This is not financial advice and I am not liable for any decision you make with this information. Happy trading.
Will it crash again? We have good and bad news. 🧐We lost the support at 44.59, at the bottom of the consolidation, and now NIO is very weak, doing nothing worthy.
Yes, the RSI is doing some weird movements, but this is not enough.
The 4h has almost a head and shoulders, but the 50% retracement is a good support, and NIO didn’t break it today. On the other hand, the RSI has an advanced breakdown, and if confirmed, NIO could just drop to the 39.75 next.
Yes, the RSI is oversold, but it could be a little bit more. In the end, it seems we have more bad news than good news. Usually I like to buy when this happens, but we must wait for more confirmation.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
When will it stop dropping? Let's see... 🧐This one has been frustrating the advanced breakouts in the RSI, and it has not doing anything interesting recently. Situations like this are very annoying, but let’s keep in mind that at some point it will do a good movement next.
This is a congestion, and we can break to any direction. But let’s watch the 46.80 and the 44.59.
If we break the 46.80 then fine, NIO will just go higher to the 50 and continue the bull trend. But by losing the 44.59 we might see our stock at 42.67 again, and with a good chance of losing this price level.
For now, there’s nothing to do, but I’ll keep you guys updated. But I agree that movements like this makes us disappointed with NIO, but this drop occurred on many stocks, not only NIO. Personally, I have many other stocks on my radar, just waiting to be traded.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO - 1HLooking at some stocks now for short term + long term plays.
Some confluences for this EV stock, for upwards targets of around $60, we would need to break $53.50
Short term target is $50.40 - $52.50
If we reject the above $53.50 target then I would expect a correction of the last 1 Year of price action.