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.
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NIO
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.
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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. 😊
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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!
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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.
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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.
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$TSLA as neutral as it gets*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Elon Musk: "Tesla has diamond hands"
$TSLA is one of the top most talked about and traded stocks right now. Its staggering growth within the past two years is evidence of its potential, but regardless $TSLA was long overdue for a correction at some point.
$TSLA now sits at $618.45 per share after correcting from its 52-week high of $900.4.
My team has analyzed the financial sheets of numerous companies, large and small, but only few have matched the absolute beauty that $TSLA really is behind the scenes. Not to mention the fact that $TSLA is so much further ahead with their electric vehicles and self-driving technology than the likes of competitors such as Ford, Toyota, GM, and even Nio.
My team is patiently waiting for $TSLA to breakout from the triangle on our chart.
We believe in our hearts that $TSLA will continue to be a dominant player in the market long-term, but sometimes believing just isn't enough. So for now we remain neutral on the sidelines.
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NIO - New low or just small correction ?!
NIO - Made 5 waves up but it looks like this could actually be a wave C !
Therefore be very careful if you want to buy the pullback.
If price goes down to the orange zone in corrective fashion and we can distinguish a corrective pattern, we can look to buy the reversal out of that zone and even add on a new high.
BUT if that's not the case and we see relatively sharp moves down, we've most likely started a new impulsive move lower and can then expect new lows !
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else.
NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level.
This made the stock go up, along with the 20ma in the 4h chart:
Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence).
This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more.
All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it.
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Melissa.
Yes, it is dropping! For how long? 😮NIO lost the 46.26 as we expected it would yesterday, as I said in our analysis, with the confirmation of the divergence on the RSI. It also lost the 20ma and it dropped a lot today, more than 3%. This was not surprising at all for us, and I think we will have a trade here soon.
By losing the 45, NIO will do a pullback to the 43.50 at least, as the 4h chart suggests.
The 43.50 is around the 20ma, and we have a bearish divergence on the RSI in the 4h chart too. This increases the chances of a pullback, and I believe it can go even lower than the 43.50, if you look at the daily chart.
NIO just hit a resistance, and the RSI is higher than ever, similar to the time it was around the 65. Movement like this attract short sellers that are just going to short NIO, set a stop-loss at today’s high and a target at the 20ma. If it drops, great. If it goes up, ok, at least the stop was very tight.
So, we gotta be careful, and focus on our plans. If you ask me, this is a short trade, but I won’t do it for several reasons, mainly because there is better stuff around to trade.
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$NIO Easy Channel Trading 6/15Hasn't been the hardest to trade bounce in this channel. It is currently being held up and its linear deviation (middle yellow line) This could be our nearest support if we end up bouncing today
Looking for a return to the 44.50 support. Where we hope to see our third and final bounce but we have already hit resistance multiple times.
A break of the channel support would have $NIO back down to the 42.50 level where I anticipate a bounce. Remember inflation news coming up soon could effect the market alot.
I will do a video update on this after hours