Could this ever drop? Watch these points! 🚀Ok, NIO is flying like a rocket and there is nothing on the charts telling me it’ll stop doing this. But we do have some points to watch in the next days.
Yes, NIO is oversold, but this doesn’t mean it’ll drop. It means we should be careful and not be surprised if we see it dropping. We have 0 confirmation of a pullback, but one point to look is the 52.70. If NIO breaks it, it might drop to one of the fibs retracements in the 4h chart:
We are outside the BB again, and the RSI is near the 80 level. A correction to the 50 (38.2% retracement) would be nothing for NIO. But again, no confirmation yet.
What if NIO drops to one of its retracements? We should look for buy signs, because it is a bull trend. No rocket science here.
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Melissa.
NIO
50 has been always a critical level of NIOAt this price, NIO's market cap is 81 billion dollars, which ranks NIO 7th among all the Automakers in the world..!
Yes, you must be shocked, NIO above BMW, Ford, Honda, Ferrari..!
This will be corrected by time..! I'm 99.99% confident..!
This company has produced 102,803 cars so far! (As of 30th April 2021)
All the bubbles are temporary..!
Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).
weekly chart shows what you cant see..!Daily chart:
4hs chart:
1hr chart:
30 minutes:
A note to those who are worried about my losses shorting NIO:
I shorted NIO 7 times in the past 4 months, (buy naked put at 43,34,39,47,48,47,48.5)
closed 4 trades with +100% profits in less than 24 hrs
closed one with +100% profits in 48 hrs
closed on with 25% profits
closed the last one with a 30% stop loss.
in each trade, only 5% of my capital was involved!
and I was not alone, at least 60-80 of my followers did the same thing..!
have you ever asked yourself why in the last 6 months the number of my followers increased from 178 to 5532 ???
because I can do something like this:
time and price 100% accurate!
on January 11th, 2021 I detected NIO top!
Sorry, I think it was January 2nd..! when the market was closed! price was 48.74, I predicted the Top at 35% higher in the first 2 weeks of January 2021..!
and published the 1st short idea at 57..!
Could NIO keep climbing? 🌈 ☀️The something incredible we were saying last week happened today! The BB are spreading again, and NIO is back to the world of living, after being dead for some days.
We are breaking the 46.19 from below, an impressive movement, and this was the condition for a bullish reaction as we also talked about last week.
Now what?
NIO closed the gap at 49.16, but the RSI is not overbought in the 4h chart. This tells us that NIO still can climb more. The head and shoulders pattern wasn’t triggered, and it is not a threat anymore.
This reaction occurred above the 20ma and the BBs are spreading here too.
All of these are great signs for NIO, and it seems it’ll keep climbing, until we see something new around.
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: Still a bull trend, as we thought.Hello traders and investors! I told you that the main bias was bullish!
Let’s quickly update NIO’s last movements: Despite the main bullish bias, Nio was in a short-term bear trend, which was completely denied when it defeated the $ 46 , as we said in our last analysis. The H&S chart pattern wasn’t triggered, so, we had no bearish confirmation in the mid-term (not even in the short-term). Check my last analysis about NIO, if you are curious. Link below.
Now, we see a powerful movement today, but it didn’t hit our target at $ 50.40 yet. What’s more, if it does a top sign around, it might drop to its support levels again, but we have no confirmation yet. Remember: To not get burned, always wait for confirmation.
We are quite close to the green line in the daily chart, but the problem is if today’s bar is an Exhaustion Bar or not.
It is too soon to say anything, but since we have a sequence of higher highs/lows in the daily chart, all we can assume is that the bias is still bullish. If NIO loses this bar’s low, then ok, it might see an Exhaustion Bar, indeed.
The idea of an H&S is now invalid, and now see no possible bearish reversal patterns around, just a possible pullback sign, if we lose today’s low.
These are my insights for NIO. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much!
🟢 $NIO Target 53.05 for 32.39%$NIO Target 53.05 for 32.39%
Or double position at 27.09
NIO RSI support bounce to target? Maybe...
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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.
I start every position with 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.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
A warning sign! ⚠️We are breaking the support at 45.24, meaning, we might see NIO at 43.89 next. We must see a very good and surprising reaction on NIO right now, to invalidate this thesis.
We are under the 20ma, but the Bollinger Bands are still tight, so, there’s still a chance we’ll see something incredible. We just can’t count too much on that.
The RSI has an advanced breakdown, and this is another point in favor of our thesis. The 43.89 will be a breakpoint for NIO, because it is the neckline of this head and shoulders pattern!
If NIO triggers this pattern, then the stock will have some problems. But if we see a good reaction around the 43.89, as crazy as this could sound to some people, we will see a buy sign. How will NIO behave from here? No one knows, but I’ll keep you guys informed.
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.
Be careful with this bearish pattern! 🛑🐻Today NIO didn’t drop, but it didn’t go up either. It was a boring day, but we still can find some answers about what’s next.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably it’ll drop to the 43.89.
The problem on NIO is the advanced breakdown on the RSI, and the possible head and shoulders pattern. Also, NIO can’t break the 20ma in the 4h chart, and this is another reason why it can’t go up.
Now, more than ever, we must be careful with the breakpoints, as they will tell us if NIO will fly or melt.
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 😉.
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Melissa.
A lot of interesting patterns around! 👀This chart is pretty easy to read. NIO has a pivot at 45.97, and it it breaks this point, it’ll trigger this pivot, and possibly an inverted head and shoulders. This would be awesome for NIO, and it could seek the 50s again.
Also, it is curious to notice how the red line, a previous support line, was a resistance today. The market always remembers some breakpoints.
Like the red line wasn’t enough, this price is at the 20ma in the 4h chart, and we have an advanced breakdown on the RSI. Together, these indicators can make NIO drop a little bit more.
Either way, it must not lose the 43.89, as this will trigger a bear trend. Let’s focus on the points mentioned here and we’ll be fine. 😊
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 😉.
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Melissa.
NIO: The most important Key Points for us!Hello traders and investors! Let’s see how NIO is doing today!
First, it is worth noting that it is in a short-term bear trend , because we do have lower highs/lows in the 1h chart. It also defeated the purple trendline, indicating some weakness.
Now, NIO found a support around the $ 43.78 and it is bouncing back up. There’s some light in the end of this tunnel, because it looks like we have a Flag pattern. The pattern wasn’t triggered yet, but this can stop this short-term bear trend. Also, if it defeats the $ 46 again, it'll be a very good sign.
It is not the best movement ever, but it is a start. Now, the daily chart has some interesting stuff to tell us:
This short-term bear trend in the 1h chart might be just a harmless pullback in the daily chart, to its 21 ema. It is doing a good reaction today, but it still might retest the 21 ema in the next few days.
The $ 43.13 is a nice support level , as it was a previous resistance, and now the 21 ema is also quite near this price level too. This seems to be a great support level for NIO, if it corrects, and it could even give us a buy sign – if the right pattern appears.
The volume is just fine, but I would be happy if NIO does a sideways correction between the two black lines. All of this doesn’t change the main bullish bias we have in the mid-term, and the target at the $ 50.40. We already filled the gap, which some people found absolutely crazy, and maybe we’ll nail another target.
Let’s just be aware of this support level in the daily chart around $ 43.13.
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Thank you very much!
Did exactly what should do. Now, what? 🤨Yes, NIO did everything we talked about yesterday, and it reached the 43s as expected. The resistance around the 38.2% retracement and the 20ma did hold the price pretty well, and today NIO couldn’t deal with it.
We lost the red line, and it already hit its target at the previous bottom, around 43.89. Now the RSI is oversold, and NIO is starting to get interesting again.
The problem is that NIO has a RSI divergence, and an advanced breakdown too. We lost the 20ma and the red line. This means that if NIO doesn’t react as quickly as possible, we’ll just drop to the 42 area again.
For now, it is not a buy, but we must stay alert here, because we might see a buy soon. :)
I’ll keep you guys informed!
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 😉.
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Melissa.
Let's see if NIO can rally to $51.NYSE:NIO
NIO's been in an ascending channel for the last month. It's currently testing the lower trendline. If it holds and we get upward movement, we can test $51 soon.
Things to look out for:
1. The MACD just crossed, so we will need to be mindful of this. We'll need to see a cross upward by EOD tomorrow.
2. RSI is pretty joocy right now in the 50s. If we can get it to move up while the MACD crosses, should be some confirmation.
Would love to see NIO stay in this ascending channel. If it continues and we pull back a bit from $51, we may be able to test $55 price action around Independence Day.
NIO is another stock putting a smile on our faces. NIOAnother patterned impulse formation here with regular higher highs after pivoting, as per Fibonacci guidelines. We are quite confident this one is going up further.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purples with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
We warned about the retracements! Now what's next? 🤔Ok, NIO hit the 61.8% retracement, and this is not a surprise for us, as we discussed about this possibility in our last analysis.
Today, it did a bullish harami outside the Bollinger bands, the RSI was around 30s, and just above the 61.8% retracement, a perfect indictor of a rally ahead. But the 20ma and the 38.2% retracement are resistances now, and we must be aware of this.
NIO did a nice hammer above the 20ma in the 4h chart, and above the red line too. We shouldn’t be worried, but if the 20ma/38.2% area hold NIO in the 30mins, then it can lose the hammer and the red line and do a pullback to the 43s again.
We have nothing to worry for now, but it is not because it is a bull trend, we shouldn’t stay alert.
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 😉.
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Melissa.
NIO: Watch out for this dual-support level!Hello traders and investors! Let’s see how NIO is behaving today!
First, in the 1h chart, we have a dual-support level made by the purple trendline and the previous bottom at $ 45.07 (green line).
Since NIO is in a bull trend, the odds are that it’ll keep pushing up, and do new higher highs/lows. NIO hit all our targets recently, and now we have another one exactly at $ 50.40.
Now, we must be aware of this dual-support level, because if NIO loses it, then a pullback in the daily chart will be triggered.
A pullback in the daily chart would mean that NIO will seek its 21 ema next, around the $ 43 (our first target).
This scenario will materialize only if NIO loses its dual-support level, and maybe it’ll give another chance to buy at $ 43, but we can’t count too much on this.
I still see NIO at $ 50.40, although we might have some bumps along the way. Either way, let’s be careful, and if this analysis helped you, remember to follow me to keep in touch with my daily studies!
Thank you very much!
Watch these Fibonacci's Retracements! 👀Nio is doing amazingly well these days, but in the past two days we see a congestion, and now NIO finally hit the 38.2% retracement.
Nio must not trade below this level, or it’ll hit the 61.8% next, around 45.50. But if the retracement holds the price, then the 50 is the next stop!
We have a strong momentum here, and for now we must focus on the 38.2% retracement. If NIO corrects, the 20ma in the 4h chart is also a support.
All of this tells me that NIO is going to hit the 50s,even if it drops, as we have a lot of supports around.
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.