NIO: Going to the $ 50s?Hello traders and investors! Let’s see how NIO is doing today!
First, Nio is clearly in a bull trend , doing higher highs/lows , and I see no weakness signs around, but it seems it wants to correct a little. Pullbacks to the 21 ema are expected, and not to be feared.
Now, let’s see the daily chart:
If NIO closes above the $ 46.28 it’ll defeat another resistance, and the $ 50.40 is the next target. If it closes below $ 46.28, probably it’ll do a correction, we just don’t know if it’ll be a time correction (sideways movement) or price correction (pullback to the 21 ema).
Here, we have no pullback or reversal sign around, but the $ 46.28 will be a key point for us in the short-term.
The volume looks good, and NIO looks quite strong. Even if it corrects again to the 21 ema or to the $ 43.13, I still see it at $ 50.40, unless we see a clear reversal sign around, which is different from pullback sign.
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Thank you very much!
NIO
Bull Trap or A Bullish rally?Once Upon a time, NIO was a money printer..! Hottest stocks in the market..!
I believe its best days have gone very on time ago..!
Do you think I'm crazy???
Review these analyses!
January 2nd, 2021: Detecting Top before it happened with the highest price date accuracy! (last Buy analysis)
January 30th, 2021: First Short analysis when it was 57
February 18th, 2021: Detecting EV Makers' crash when everyone else talks about NIO will be a 100-150 soon!
You calculate the odds:
Someone who calls himself a sniper trader published a chart 4 months ago. There are 10 stocks (EV makers) in that chart and predict a crash.
None of those stocks' price today is above that day..! and have never been..!
you do the math...!
I do analysis based on facts not my feelings..!
Moshkelgosha
NIO stock showing strength making a push back up If NIO follows this trend I think it test the upper box before the end of this month if it can get and hold over $46.50ish. Already got in on Friday wasn’t paying attention(seems like breakouts are back in instead of fakeouts everywhere) so didn’t realize it broke out of my box.
Accidentally day trader! 🤕 What to do now?Nio is impressive! It triggered the buy sign we talked about yesterday, at 43.04 (check my last analysis on NIO), and it already hit the target today! I wasn't counting on that. I rarely do day trading, but sometimes I do it, never on purpose.
Yes, again, I’m completely out of NIO, so, I’ll analyze in the most unbiased way.
The next pivot point is the 46.26, and if NIO trigger it in the some way it did with the pivot at 43.04, it’ll trigger another buy, but I wouldn’t trade it at all, not even a small position this time. Why?
Because unlike the previous pivot, the RSI is at overbought levels, and we aren’t near support.
We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now I’m out of NIO, and I’ll remain out even if it breaks the 46.26 again. I’ll wait for the support level.
It’ll give us another chance soon. I’ll keep you guys updated.
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See you soon,
Melissa.
Do you have FOMO? This strategy might work for you! 👀NIO hit the 42 again, and we have a pivot that could trigger a buy, at 43.04. We have no RSI divergence, but we are still far from the 20ma in the 4h chart.
Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min it’ll be a buy. It could be better, but if you have fomo just buy a small position, and if it drops to the 40.89, just buy more shares to complete your position. 😉 You'll have a good cost-basis, and if NIO flyies again, you won't be completely out.
I’m out of NIO for now, but I’ll probably do this strategy. It is just like PLTR (check my PLTR analysis, btw).
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.
The next trade is near! 👀Yes, NIO is dropping again, but it looks like it can drop even more. We have yet to hit the 42.34, and the RSI is not oversold yet!
We still have a divergence in the 4h chart RSI, and we are far from the 20ma. Also, NIO volatility is pretty high, and it feels it must decrease a little bit more. Let’s wait for the BB to get tighter, and for it to hit its proper support levels.
I’ll buy when I see an exhaustion, and if I see the right patterns around. Let’s focus on the 20ma in the 4h chart, as this could give us a great buy chance! It is almost there!
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.
MY MINIMALIST CHART ANALYSIS FOR $NIO$NIO- NIO ON A DAILY CHART
6.08.21 1239H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS (NO INDICATORS)
STILL ON TARGET
THE MARKET IS STILL EXPANDING.
COMPLETING 5TH WAVE OF ELLIOT WAVE THEORY.
VERY BULLISH ON THIS.
Please do feel free to comment on my idea.
I would greatly appreciate it so as for me
to learn more. Thank You.
How to trade ranges? 🤓Even with a lot of people (including me) not that happy with NIO because it was too overbought, technical analysis never fails!
NIO did break the 42.34, the consolidation we talked about in my last analysis, and it hit the technical target. When you see a breakout, especially if the stock opens below the resistance, and closes above it, you just replicate the size of the range. In this case, the range was of $ 1.45, so you sum it to the 42.34, and set a target at 43.79.
But since the 4h chart still looks weird, personally, I rather wait for a pullback, or at least a good and easy trade. Right now, NIO seems too complex, and I see better stuff around.
If it hits the 20ma again, I’ll be much happier 😊.
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, Inc.Tuesday, 8 June 2021
5:36 AM (WIB)
Nio broke the resistance lines with creating Massive Bullish Engulfing at the highest high of Bollinger Band. Seems the market has agreement to push Nio more higher. Medium lines of Bollinger Band now become base support.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
NIO: It hit our target! What's next for us?Hello traders and investors! NIO hit our target at $ 43.13, the technical target for the V-Shape recovery , and we are trading above the target. The link to our last analysis is below this post. What’s next for us?
First, in the 1h chart, since we already defeated the resistance at $ 43.13, this point is supposed to work as a support. Notice that NIO just did an upwards breakout from a trap zone , when it was trading between the 21 ema and the resistance at $ 43.13.
All of these are good news, and NIO has no pullback/reversal sign around . Even if it drops again to the 21 ema in the 1h chart, the bullish thesis would be intact.
Now, to the daily chart:
The only thing that annoys me is the low volume . If NIO loses today’s low, then it can easily retest the 21 ema in the daily chart again. Also, it must not close under the $ 43.13, as the market might see this as a false breakout . Of course, this wouldn’t be enough to change the trend, it would just mean we’ll see a pullback, and since the trend is bullish, this means an opportunity to buy.
But for now, all we can say is that the $ 46.28 is the next target. Let’s keep our eyes open here, and stay alert to these key points.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support the idea if you liked it!
Thank you very much!
NioSunday, 6 June 2021
3:09 AM (WIB)
Nio has potentially to move downside as the price already at resistance, following all indicators news. Except there are any BUMP volumes that break up the resistance lines, Nio could still move upside.
Following the waves structure, Nio still have -30% revenue to the downside, and 118% after touch the lowest low support.
This is the best scenario for global trades. When the price touch the lowest support, I expect the clouds shift from bearish trend into bullish.
When it comes to move upside, this could be years journey to the upside.
www.nio.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89.
To the side it breaks, we’ll see a good movement next.
If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet!
The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too.
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.