NIO
Bullish Trade Plan for NIONYSE:NIO NYSE:XPEV NYSE:TM NIO has broken out of the triangle and given us bullish confirmation as I predicted. SM shows the squeeze has been released with positive movement, Golden cross of the 21 and 50 EMA shows overall movement is bullish movement. With the event till the 28th, I'm very confident we will at LEAST hit the first two PTs. First price I am expecting is 38.99 hopefully by the 23rd if it can reach it with no problem we should see 41.86 by the 27th. If all goes well we should be looking at the $41-43 by the end of the month. Looking forward to this, and hoping we all make some money!
Bullish on NIO for Auto Shanghai 2021NYSE:NIO CAPITALCOM:XPEV NYSE:TM descending triangle with tight bollinger band contraction, anticipating a big move. With a good outlook on Auto Shanghai 2021, currently anticipating price to move to backtested resistance ~$44 upon bullish confirmation.
Nio Descending triangle breakout?Hello guys I’ve been looking at this chart for the past few weeks and noticed a descending triangle forming. If the breakout is confirmed my price target would be 46.29 as that was a previous resistance from March 15, 2021. If that level is broken then my next pt would be 54.20and that was a previous support. If this plays out well we could see nio heading back to it’s all times highs in the next upcoming weeks. However if nio doesn’t confirm the breakout we could see it pulling back to support at 34.87
This is just my idea and this isn’t a financial advice please trade at your own risk. Happy trading!
NIO breaking triangle todayNIO is breaking a Triangle, let see how tomorrow the volume behaves to this breakout.
Could rally in the next days with the upcoming earnings report.
Target price: 64
NIO: The beginning of a reversal?Hello traders and investors! Let’s see how NIO is doing today!
In the 1h chart we have a clear bull trend , as NIO is already doing higher highs/lows . This is a good start but is doing even more reversal signs.
The $ 37.54 was a pivot point , and it was broken today, and it is trading above the 21 ema (which is pointing up now). We also have this purple trendline , which is better seen from the daily chart perspective:
The purple trendline is a very strong resistance, and to worse, the 21 ema is slightly above it as well, making it a Dual-Resistance zone , and if NIO breaks this zone, it’ll be a fantastic sign .
Last week, NIO retested the support at $ 34.85, and now the volume is finally starting to increase, which was one of the main things that was bugging me last week, as we discussed in our previous study (the link to my previous analysis is below this idea, as always).
Although we have several reversal signs around, the trend didn’t reverse in the daily chart yet. It is almost there, but we must see a breakout from the Dual-Support zone, and see the $ 42.05 defeated as well, as this is the most important pivot point for the mid-term.
To summarize, NIO looks promising, and it is just one step from doing something great. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you !
Thank you very much.
#NIO - 200MA holding strongNYSE:NIO
#NIO
- Short term upside till 50MA
- a break of current trendline would confirm a push to the upside
- 200MA holding as strong support
Entry at USD 37.54
TP at USD 42.59
SL at USD 35.02
NIO BULLISHNIO AT THE VERY STONG SUPPORT LINE WITH TRIPLE BOTTOM AND READY TO POP. FIRST RESISTANCE 38, 42 46.5 AND 54.
NIO is still looking bearish . But I mapped out both scenarios.NIO is still looking bearish . But I mapped out both scenarios. I pointed this could be a triple bottom pattern where it could bounce from current areas. But I am leaning more bearish as it is forming lower highs and a bearish triangle and we are well below ichi moku clouds. It is looking to break that support line. Best wishes to everyone trying to make a sound decision. I would a assume it will break down and form a inverse head and shoulders before reversing. This market has not been good to us. They are most definitely trying to shake out everyone.
PLTR - Gap filled! Ready to move!- $22 gap was filled today (4/19) and this stock is preparing for a gamma squeeze into earnings.
- Potential gap fill above $30+
- We are also sitting at a major support level which is a perfect entry to long!
I would look to long and get 5/21 contracts tomorrow morning. 5/21 option contracts are very well priced so I'd suggest grabbing these dates as it'll give you more time for the wolf wave to form.
NIO Setting up for a potential ER RUNNIO has been beaten down the past couple weeks. I believe it's setting up for an ER run along with other big catalyst that are going to to be releasing in the next couple weeks. Here are the list of dates for NIO catalysts.
April 19th - 21st: Shanghai Auto show (opens to press only)
April 21st - 28th: Shanghai Auto Show (opens to general public)
April 29th: Q1 2021 ER
May 1st - 7th: Delivery Numbers (expected to be 7500 from 3155 previous yoy)
May 7th: Showroom in Oslo, Norway
There's a good support at $32.00 and could be a good entry for a starter position. We have a supply zone around $28 area and a gap all the way down to $22. I would suggest grabbing some starter position on Monday, April 19th and look to average down on those levels for 3rd week of May contracts. If NIO responds good to these catalyst, we might see it testing $40 - $45 level.
NIO Analysis $NIO | #Analysis | #StockMarket
Price Target 45.08 🎯
Falling Wedge ✅
Triple Bottom with Bullish Divergence ✅
Trend Retest from July Lows ✅
Potential Piercing Pattern Reversal ✅
Entry on Break of 39.78 with Confirmation ✅
Invalidated below 31.50 ❌
NIO - 3 ScenariosA descending triangle is often a sign that the bearish trend will continue and further lows will follow. But this is not necessarily the case, because: Triangle is triangle. Brekout in both directions is possible. If the price falls below 32 USD, caution is advised. On the other hand, a new attack on USD 38 could turn the trend. It remains exciting :)
NIO - still not finished correcting! Reversal 27-21?So here's a look at NIO after its run up and ATH in Jan.
The larger degree impulse from about $2 to $67 has a golden zone retrace between $16 and $27 (in orange), and a late august to mid oct resistance-turned-support at around $20 (red dashed line).
If we map out the correction from the Jan high, we get a really clean count with NIO currently being in a ABCDE triangle formation in the downward W4.
An equal legs target of W1 (yellow arrow) leads us to the larger 0.618 retracement at $27 and an equal legs target of W3 (white arrow) leads us just past the 0.786 retracement at $16.15 as well as the -0.5 extension of the current wave 4 at $15.49.
Our previous support/resistance levels lands exactly in the middle at around the $20 mark which is also the -0.382 extension of wave 4.
If NIO can't get above $39, then we are headed to anywhere between $27 and $20, with a deep retrace around $15 (altho this is unlikely imo)
I should note that we are currently hovering above the 200 MA at about $35, and a daily close below that would signal a sell off. The 35-39 zone is crucial here to see which way we go. Right now my money is on a further correction, as the 5 wave down move is not yet complete.
$NIO Bearish Chart Technical AnalysisWe all do like NIO. Huge potential, great incomes, shows its value in the field.
Although we can see 2 bearish patterns on NIO:
1. Head & shoulders
2. Descending Triangle
We can also see that the support on 35$ is starting to get rejected strongly by the resistance line.
If broken below 35$ support next one is going to be the 50W-EMA which might be a strong support that will help us break above resistance.
Indicators:
- MACD is very bearish.
- RSI is neutral but below 50. Indicates a clear downtrend.
I am personally very bullish on NIO on the long term. On the other hand, NIO for me is a SELL for the short term.
This is not a financial advice. Posting for educational purposes only. Use it at your own risk.
NIO should we short or Long?Nio has built a descending triangle. Lets see the breakout to confirm the downtrend or the change in the path in an accumulation pattern.
