NIO
When to get back into NIO INC?Tech shares are descending heaviliy these days. Actually its a usual correction and consider that as normal. This idea is about NIO/INC what i think on the long term will be much higher in price in the near future. NIO set foot on the ground in Norway already. Making their preperations for getting ready for the European market. Its exciting to watch these developments. But the future for NIO seems hopefull to me. Thats why i'm still bullish on NIO.
Some people probably boutght NIO at a higher point then it is right now. But what is an interesting entry point to get back to NIO? Based on previous price action NIO could be interesting around the $ 26-29 zone. So just let the charts do their work and keep the pace up when you feel to.... It's just a simple idea actually... nothing complex about it.
Watch for the $ 34 level!Hi there! NIO keeps going down! But is there anything interesting to do around here? Despite the strond RSI divergence, I don't think so.
NIO is oversold, yes, and at any moment it can reverse the movement. The problem is there's no buy sign, and NIO is heading to the 34 again:
We have no divergence in the 4h chart, but it is at low levels. The 34 will be a decisive point for NIO, and we must watch it closely! The 39.50 is the target for any buy around 34.
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Melissa.
NIO: Trading inside a range!Hello traders and investors! Ok, NIO behaved exactly as we thought it would, and it did the “worst-case scenario” we discussed last week. The link to the previous analysis is below, as usual.
In the 1h chart, it lost our previous support level at $ 37.54, and this made NIO just seek the next support, at $ 34.85 area. In addition, NIO is in a short-term bear trend, doing lower highs/lows , and the 21 ema is above the price (pointing down).
So far, we have no clear reversal sign, but we are above a support level. Let’s look for more clues in the daily chart:
The problem with NIO is that it is inside a congestion , but we have multiple supports/resistances to guide us. It is quite easy to trade ranges: You buy near supports and sell near resistances.
The question is, will NIO stop at $ 34? Or will it seek the $ 32? We can’t tell for sure, as we lack any confirmation. But the volume is looking good already. We have been talking a lot about volume lately, as when NIO drops, it drops with low volume, but when it finds a bottom and starts going up, the volume increases.
Yes, we have some weird signs that are more than enough to make us skeptical about any bearish movement, but again, we need more confirmation. This is the key for a good trade here.
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Thank you very much!
Greater Fool TheoryBar chart: Monthly trading value estimation(Close price*TradeVolume)
Orange line: Average of the last 12 Months trading value estimation
December 2019:
Closing above the previous range, and 65% increase in monthly trading value compared to the average of the last 12 months.
February 2021:
Closing 15% below the previous high, 25% decrease in monthly trading value compared to the average of the last 12 months, and 59% decrease in trading value in the first 2 months of 2021..!
Money is the true drive behind any price movements in any market. When money influx increases, prices will go up unless supply increases more than demand.
Since January 2021, money outflux started in most EV companies, and their bubble burst in February 2021.
Now you see why I insist Tesla is bearish since mid-February 2021.
What Is the Greater Fool Theory?
The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.
Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.
Institutional investors and mutual fund companies are labeled “the smart money," while retail (individual) investors are called "dumb money."
Because the “dumb money” group doesn't have access to teams of analysts or carefully compiled data, they often make trades based on instinct—and to buy and sell investments at the worst possible time.
Moshkelgosha
February 17th, 2021:
Educational Articles:
1- www.investopedia.com
2- www.investopedia.com
Is Nio about to fly? There are reasons to say yes!Hi Tradingview community! As expected, Nio is about to fly to the 39.50, but it has one little thing to do before: Break the 38.03.
In our lsat analysis we antecipated the rally we saw today, thanks to the double bottom in the RSI + advanced breakdown, but Nio dropped again to its Fibo's retracements and now it is in a crucial moment.
We don't have confirmation, but it really look like Nio will do a reversal for good. Look at the $ 38.03! 👁👁
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 - Sitting on Key SupportHello everyone,
I hope you are all doing well!
In this analysis, we have are moving inside a huge channel and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $54.
There is possibility of more bad news and break lower. The lowest point would be between $23 and $16, however, I do not think that this is the likely scenario.
Currently, only 18.07% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 81.93% are bought higher than you would buy now ;)
Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back.
Thank you for the attention, I wish you an amazing Friday!
A rally to the $ 39.50?Hello Tradingview community! We don't have any confirmation on the price yet, but we have a double bottom on the RSI, a good divergence as the price is falling, and we have an advanced breakout from the previous top on the RSI.
This could antecipate a rally to the 39.50 (there's a little gap around here that could be filled), the 50% fibo retracement in the D chart:
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: Trouble ahead?Hello traders and investors! Let’s see how NIO is doing today! It is dropping quite sharply, but let’s see if there’s any reason to be worried.
* It is a shame that our stream didn't work well. Last time everything occurred just fine. It seems Tradingview is not a reliable platform yet, but hopefully they will fix its glitches. *
First, in the 1h chart, NIO denied the Ignition Bar on Apr 30 – it wasn’t easy, it took several candlesticks, but it denied it for sure. This is not the best sign, as it shows a lot of weakness, but so far, NIO couldn’t close under the Ignition Bar’s low at any moment.
The stock is dropping thanks to a systemic sell-off, nothing directly related to any fundamental news. In addition, it seems it found a support level at $ 37.54, which was a previous resistance in the past.
This support is holding quite well for now. Let’s see if the daily chart offer more clues about what’s next:
NIO is dropping in the daily chart, but the volume of the bearish candlesticks is nothing amazing or worth noticing. This still indicates that this is not a real sell-off, but only an annoying congestion.
In the worst-case scenario, NIO will find the support around $ 34, if it doesn’t react quickly today or tomorrow . There’s a chance of a good reaction, if the Nasdaq stops dropping too.
For now, let’s calmly wait for the next opportunity. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped!
Thank you very much!
TSLATesla's revenue declined 3.3% quarter over quarter. Excluding regulatory credits its revenue declined 4.6% QoQ.
So, excluding record ZEV credit sales of $518m & $101m in Bitcoin sales, Tesla generated a Q1 operating loss of -$25m.
There's also trouble in China (worlds largest EV market) for TSLA that hasn't been priced in. The CCP is actively promoting a boycott of TSLA on Chinese social media.
The worst has yet to come for the EV Mania..! Have you ever asked yourself how much these small companies other than Tesla would compete with big names which showed up with their fully electric cars in the 2021 Auto shanghai show??? Especially Toyota bz4X and Volkswagen?
Some may think after a 60-90% price crash there is nothing left for more correction, but I believe many companies will file for bankruptcy in less than the next 5 years! So it is better to Forget the return to time highs and take what is left. Even Tesla will experience a huge correction.
Tesla's market cap (660B) could not be more than Toyota's(210B), time will prove it..!
Keep in mind a bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Educational article:
Bubble:
www.investopedia.com
Fantastic risk-reward trade on NIO!Hello dear community! 😊
I want to share with you a trading idea on NIO 🚀:
Buy point: 39.78
Stop-loss: 39.35
Exit point: 41.94
Risk/Reward ratio: 5.02
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.