NIO
NIO vs. The Earnings Killers @Welcome2theClubWe believe the earnings hunters are amongst us. We've learned hardcore lessons last year about these guys. We didn't trust them, but today we trust them to do what they usually do. Sell the news. No matter if the beat or miss earnings. So this is our novice nio analysis. NYSE:NIO Like, comment, or help us by giving us your opinion or constructive criticism. Thanks! @Welcome2theClub
NIO - Trend analysis proved correct.As you saw in my previous post, the price was in an upward trend at £37.83. I analysed that the upper declining trendline/resistance would be broken on the next approach and the price will rocket up to $45. The price did indeed smash through the upper resistance and has since made highs of $42.95 and still rising fast!
We will see $45 in the coming days as the Earnings Report comes out with great Q1 news so far for the company. Trading is active and holding LONG position.
EOY prediction $70+
NIO Long - CorrectionNIO has had a great 2 days run, without any correction. Now you can see correction took it down to $38.74 from $40.45, It did not fall below out upper trendline meaning it is being respected, the price is already rising beautifully.
I expect price to close above $40 for a second confirmation of the bull momentum.
$NIO TO $50+ 🚀$NIO broke out our triangle confirming a BULLISH regersal trend. If you want in.... I suggest to buy in before earnings May 1st. We can see some crazy prices/run up into the newest delivery numbers set to be announced. I am bullish on this trade set up, a price trend over $40 can easily confirm a solid run to $50+. Keep $NIO stock on your watchlist this week and the next 🚀
NIO Long - Bottom is in and up we goAs you saw in my earlier ideas, NIO has had a huge correction over last few months. After the huge drop to $32, we saw pullback. We then saw 3x more drops to $34, this is now support.
The price then dropped to $35, a higher low.
Then we saw price $36, another higher low.
As you can see the bottom is now in and major resistance levels formed at $36.50, $36, $35 and $34.
I have been averaging down all the way from £48 down to $34, bringing my average buy price to $36. I am finally in the green.
You can see the price is currently trading in an upward channel. I expect price to reach £40 in coming days and break upwards. We are getting higher highs and higher lows. Clear change in trend!
Happy trading.
Looking for an entry before earningsNIO has earnings on 4/29. NIO usually likes to rally before earnings. So I'm looking for a buying opportunity right now.
I'm not holding on earnings day, I will probably sell a day or 2 before earnings after reaching my profit targets.
Playing earnings day is a gamble, that's why I always sell before earnings. Buy the hype, sell the news.
Yesterday NIO broke the resistance line, I would like to see NIO to go down and test the (now new) support line and see if it holds
If it does hold, and it bounces back up above the resistance line (yellow dotted line above) then I'm very bullish(edited)
If it fails it'll probably fall down to $35 again, and then start moving up