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!
NIO
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.
Trading idea on ZM - Good risk/reward ratio!Hello dear community! This is my first post here, so, I hope you like it 😊
I want to share with you a trading idea on ZM 🚀:
Buy point: 314.58
Stop-loss: 311.79
Exit point: 325.48
Risk/Reward ratio: 3.91
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 Post earnings.NYSE:NIO beat its earnings and took a big dip. It didn't hit our price target exactly but our prediction was correct. Hope everyone took advantage of the dip, we are still pretty low compared to all these target prices being thrown around. We picked up more shares at the bottom. We think NIO can test the resistance again this week. What do you guys think?
Like, comment, or help us by giving us your opinion or constructive criticism. Thanks!
NIO BLAST TO $50 OR FREE FALL TO $25NIO got this descending triangle going on the daily...its been holding demand (support) fairly well but if the bulls cant push through this trend line and supply, we might be falling back into the 20s soon.
I personally am looking for a break of the trendline and NIO over $43 before becoming bullish again... as for now... I am shorting NIO with a PT of $26.32
My positions: Currently only holding 5/21 $40 puts but I am looking to add more once NIO looses support around $35
NIO gangCongrats to those who took the trade (':
Major resistance at 49 so try to take some profits at the targets placed.
4HR bullish TK cross
MACD reset, looking for a recross
Once 12 HR Bullish cross occurs im probably adding a significant amount of money.
Since this is a reputable company a conservative stop loss, the same one I used is fine.
If you're early in this trade consider moving ur stop loss up so you get stopped out in profit! I'd let the chart play out first.
Also for earnings, traders usually dont hold through it, its pretty much a 50/50 event.