NIO
Worried about a pullback? Don't be! 👍Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one.
For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The RSI is still above the 50, indicating that NIO is still strong, and the trend is still bullish.
Given that NIO is pretty close to the top at 43.21, and the RSI is very overbought, and that we had a bearish candlestick today, I’ll just wait for the next trade to appear in front of us.
If NIO fills the gap at 38.89 it’ll be perfect, but let’s see. We are also pretty far from the 20ma, and at one point, we’ll get closer to it. Let’s see how NIO will move this week, but I think we’ll trade it only next week – this is not a promise though.
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See you soon,
Melissa.
$NIO Cautiously bullish, will it rip?Hello everyone, NIO has broken out of its short-term downtrend line on June 1st with good sales and China news. This breakout is impulsive and accompanied by volume which is usually a bullish signal. However, selling pressure remains strong on the hyper-growth stock.
I am expecting a test of 43-44.5 resistance in the short term if the resistance is broken through a 49 test would be imminent.
Pros:
- Short-term resistance is broken through, with so far a successful backtest
- The break is impulsive with high volume suggests that institutional money is buying in.
- Lot of upside potential when hyper-growth stocks come back in favor.
Cons:
- RSI bearish divergence
- Right now very close to resistance @43 -44.5
Conclusion:
- If you're already holding NIO from the bottom, congrats and observer price action at 43-44.5 resistance.
- If you are not yet holding NIO know that your R/R is at 43-44.5 and a drop below the short-term trendline would be your SL.
WHAT NEXT FOR NIO?Hello Traders,
We have successfully achieved 27% gain in the last NIO trade ( bit.ly )
NOW, we will wait to see how the resistance will react
IF NIO breakout the resistance we will enter with a target 46$-51$ as in the chart.
IF failed we will wait it again in the red line for a possible trade.
Have a great day Traders.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
Time to wait for our next trade! ⏳NIO is flying today, and I’m very happy for those who are still in, but since I already book my profits from our last trade, I’ll just wait for the next pullback, which might happen soon.
The RSI is extremely overbought, and we have an open gap between the 38 – 40. I don’t see any bearish pattern to convince me of a short, unlike Tesla, which has a clear short point.
In the 4h chart NIO is almost at its target at 43.21, and the RSI is extremely overbought as well.
We’ll buy NIO again when it gets closer to the next support level, which could be the 38 again, or even the 20ma in the 30 min chart. The next few days are going to be pretty important for us.
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: The V-shape is almost complete. What's next for NIO?Hello traders and investors! Let’s see how NIO is doing today!
First, NIO filled all the gaps we talked about last week, and it hit our target in the 1h chart , and it is trading above it right now. This movement was expected, but now NIO is close to our target in the daily chart, so, we must be careful. The link to our previous study is below this post.
The volume is good, and we have another gap today . The question is, what kind of gap is this? If it is a common gap, it’ll be filled this week, and NIO will resume the trend. If it is an exhaustion gap, it’ll be quickly filled and it’ll do a bearish reaction in the 1h chart, leading to a pullback in the daily chart.
Speaking of daily chart:
NIO is very close to our target today, the $ 43.13. This is the target for this V-Shape recovery , and again, the volume looks good.
Now, NIO is going up a lot (almost 10% today), and since we are near a resistance, this could be an exhaustion bar. This possibility is not confirmed, and I’m not sure if it will be, but if NIO drops, the 21 ema will be there to hold the price. If NIO does a good reaction around this support, it could be an opportunity to buy.
This week will be decisive for NIO! If you want to keep in touch with my daily updates, remember to follow me , and support this idea if it helped you !
Thank you very much!
NIO BUY/LONG INCOMING 26 to 90 by end 2021TICKER CODE: NIO
Company Name: NIO Inc.
Industry: Consumer Cyclical | Auto Manufacturers | China
Position Proposed: BUY
Technical Analysis
1. Large Pennant / Falling Wedge (Forming)
2. The market will potentially fall to either Fibonacci Retracement at 0.618 (Golden Zone) 0.786 (Silver Zone)
3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Next Entry: 26.00 (Market could fall and squeeze to 15.00 which would be a key structure level)
1st Partial Take Profit: 90.00 (August-December 2021)
2nd Take Profit: 128.00 (Mid-End 2022)
We had a great week here! Time to rest. 😴Yes, after almost 10% gains this week, I’m completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis.
Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since I’m out of NIO, I’ll just look for another trade now.
Next week we’ll decide what to do. 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.
NIO expectationsNIO is overall in an downtrend, but how long ?
This depends on the next steps how NIO will sell his electric vehicles.
China's electric vehicle maker Li Auto LI expects sales to reach 10,000 cars a month from September and will expand its sales network, executives said on Wednesday.
Li Auto President Shen Yanan said Li Auto, which has only one model, expects monthly sales of its facelifted Li ONE extended-range electric sport-utility vehicle model to nearly double by September. It sold 5,539 cars in April.
Shen said the firm would expand its sales network and continue to use a direct-sales model strategy to sell its vehicles, adding that it is building a team to research selling overseas. It has 75 stores in more than 50 Chinese cities.
Li Auto, with a market capitalisation of $18 billion, is competing with Tesla Inc TSLA and a swathe of Chinese EV makers, including Nio Inc NIO and Xpeng Inc XPEV
But I expect a hard fight to break the 46$ again.