NIO must break resistance to force entryFor me, NIO must break 46 regions to force a bullish entry for both a test of the previous high and for a new long-term leg.
- Wait for break and retest
- Hold for MA change in order
- MACD showing some minor divergence to the upside which may present across on the waterline
NIO
NIO Beautiful Double bottom, 200MA support, possible move up ?Published 4/3/2021.
Current price ~ 39.55USD.
Chart- Daily.
NIO had found support on the 50MA earlier with a double bottom and had bounced off for great gains before the current retracement.
Double bottom and support on the 200MA now is a good entry point.
With the RSI bouncing off the current key level to watch is 40$ with a good volume spike!!
NIO - 3 SCENARIOS (45$ important level)
NIO has shown strength in the last few days. A nice doule bottom has formed on the chart. We are currently at an interesting point. Can we break the falling resistance? If so, the next target is 45$.
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NIO possible nove up?So NIO has been tanking lately.
But right now what we can see is a double bottom pattern which might lead us back to a higher price.
The first resistance area is around 44-46 above it is a long trend line which right now works as a resistance.
We could pass the red area and test it as a support then I expect a move up.
If the test goes wrong we could easily drop back to the area around 35.
As we all know... the price of all EVs depends on TSLA and with the news that just came up I expect Tesla to be bullish this week.
We will see.
Remember this just a chart idea not fundamentals and it is not including that it is a Chinese stock.
Has Nio found the bottom of its descending channel? Has Nio Finally seen an end to its death spiral? Tune in next week to find out!
In my opinion we might of found a triple bottom from this recent correction as it lines up very, very well with Nios long term ascending support (green ascending line). Next market week we have a number of different things lining up and coming into play. We have all this power potentially meeting at the red circle if The infamous "W" gets rejected within this symmetric wedge we have forming at the ascending support. The W playing out and smashing through all these walls and downward momentum up in the $48s I find to be the most unlikely scenario. Maybe with the factory reopening that could be a catalyst to push it that far but I'm not banking on it. In my opinion I think where the red circle is and the dashed green line of horizontal support meeting the ascending support will be the likely move into an upward break out. Worst case scenario I also find unlikely is the support being broken and falling back to retest the blue rectangle horizontal triple bottom, but anything is possible. One thing I find interesting is this W, the symmetric wedge and the horizontal support wedge each have roughly the same projected price target following their measurements. As another layer of support we also have the 200EMA currently sitting at 35.82. The bottom red rectangle is the scenario if the sky is falling and the 10year reaches 3.00 over night. I believe the symmetric wedge is the likely play here. Time will tell, Good luck on your trades!
NIO (1D) 200MA SupportHello,
33$ Can be a good entry point for long term investors.
If you are looking for a trade don't give a lot of margin, around 32$ for your stop loss.
Look for bullish divergences in MACD for a reversal in the trend. A hammer in 200 MA can also be a good signal.
If 200 MA is not held, next intermediate stop for me is around 29.5$ then 25$ and the massive is on 23$ bullish gap.
I am buying NIO progressively in this downtrend. Bear in mind that when bad news appear is a probable sympton of a reversal in bearish trend.
GL.
NIO: Bullish Case StudyNIO is looking good for the long haul, based on the activity seen in the past couple of days. After a rough couple of weeks of the stock heading in a downtrend, we see a light at the end of the tunnel for NIO holders. On the 30 minute chart, yesterday was a great day. If we follow the drawn trend line heading downwards, we see NIO grinding across the $35 mark, and practically see a false breakout to the downside at the $34 mark that likely trapped some eager bears. Stepping further back in time quickly to the 29th of March, we see a large green candle bouncing off $35 indicating potential bullish momentum. This was solidified at the open of the 30th, as a bullish Doji bounces off the downwards trend line, and from then on begins flying upwards. This was pivotal, as traders no longer respected the downtrend, thus indicating a reversal to the upside by that decisive Doji and bounce off the trendline. Finally, another indication of a possible bullish continuation off $35 was the divergence seen on the RSI. A bearish pennant was seemingly forming for NIO, but if we look at the RSI for the same timeline, a bullish pennant formed and broke out. This increased my confidence in a reversal to the upside, alongside the bounce of the trendline with a bullish Doji.
Hopefully, this case study was of value, and if you have any questions, please do let me know!
-Simas
Some kinna weirdass downward megaphone thing happening hereThere's been this parallel channel in NIO's price action that I've been following for a while because my friend bought up a bunch of it and did very well. I started watching the chart just to see what would start to materialize and (since he's somewhat of a novice trader) I thought it might be a good idea for me to keep my eye on it in case I saw any potential dangers.
So I emailed him back on the 22nd to tell him that a fall could be in the works and I was right, but now it's at a make-or-break moment. It's either going to break out of this downward megaphone pattern and continue in its parallel channel, or it's going to take a dive.
RSI and MACD are both suggesting it'll break out, but I'm a little more skeptical. I'm leaning toward a bigger fall. Slightly.
Anyone have any thoughts? Lemme know!
NIOMission:
The future is in smart, electric and autonomous vehicles, and we aim to lead the way. Our Chinese name, Weilai, means Blue Sky Coming and this is represented in our symbol. The top is about the sky, openness, vision, the future. The bottom part is about the earth, direction, action and forward momentum. Blue Sky Coming is our guiding philosophy and stands for our commitment to a brighter tomorrow.
News:
1. SHANGHAI, China, March 26, 2021 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announces that the Company decides to temporarily suspend the vehicle production activity in the JAC-NIO manufacturing plant in Hefei for five working days starting from March 29, 2021 due to semiconductor shortage.
2. NIO delivered 7,225 vehicles in January 2021, a new monthly record representing a strong 352.1% year-over-year growth. The deliveries consisted of 1,660 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,720 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 2,845 EC6s, the Company’s 5-seater premium electric coupe SUV. As of January 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 82,866 vehicles.
What do you think?
Like, Follow, Agree, Disagree?
Nio bull runLooking like a good buying opportunity for NIO. When all the media settles down, NIO's EV products will be back into focus. Considering they're China's home brew Tesla ( with an arguably better battery ), they'll probably be received better by locals, and at the very least provide healthy competition in the market for EV's.
The ups and downs seem to stick to the fib retracements pretty well, so I've used the same ratios for the new run upwards. Let's see how this plays out over the next month or so for me.
EV enthusiast investors please do not get too excited!As you see in the charts, in the past 3 months, most EV makers lost between 40-70% of their value..!
This is completely an example of a Crash..!
keep in mind that they were the best-performed stocks since late 2018.
I believe this is not the end of the bearish move for these stocks, because they were so overvalued that can experience another 50% decrease in the longterm(next 2-3 years)..!
Even their mam Cathie gave up and decided to try her social media trading pump and dump plan this time in the Space.
please read the related links to see how many times I wrote on this..!
$tsla fundamentally and technically finally looking like a long Feels like ages ago the last time i was buying tesla, after i sold pre split for around $1000 per share I felt it was too overvalued. Now its finally consolidating at lower prices. Reaching undervalued on the EMA Ribbon which for me traditionally serves as a great indicator of a bear market/buy indicator. I use it on a macro time frame to determine if we are severely discounted on a ticker and it looks like we are. I will be averaging into tesla as long as the ribbon stays as resistance (we are under it). The company is still fundamentally incredibly valuable given that it is quite literally the best EV manufacturer, still un-paralled in terms of both AI performance, EV infrastructure (charging network and solar as well as giga factory efficiency) and capital allocation/management, given that they are buying BTC at huge quantity and accepting a hard asset as payment for their vehicles. Meaning for each vehicle sold through BTC they are accepting the most innovative change to money ever created. Vehicles sold through btc will be exposed to appreciation now too. So essentially net worth of the company is poised to exponentially. Tesla is a long term hold, thanks.
NIO in its laneNio on the daily has been in ping pong mode in the up trend. We saw a double top. Now were on the lower trend line. Great entry point here in my opinion. Double bottom and can begin to track inside this next channel here up to $64. More things get suck in channels than just Container ships! Navigate properly my friends!
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CCIV area of valueHitting support and currently oversold range here. Great area of value to add into those bleeding options calls or stock holds you lucid dreamers have been sitting on. Set a stop loss below this area and lets make some $$$
Thank you for the support! For charts like these message me or check my profile! Cheers!
NIO: Is this sell-off for real?Hello traders and investors! Let’s talk about NIO today.
First, NIO lost downwards the Descending Channel we discussed in our last study, so it just resumed the bear trend until the next support level. And as usual, the link to my previous analysis is below this post.
The $ 35 area is interesting, as NIO filled an open gap , and it found a support there too (black line). When a stock is near a support level, the Risk/Reward ratio usually is very high, and if NIO reacts around here would be an amazing sign.
Now, let’s see the daily chart:
Let me be clear: The trend is bearish, and we have no clear reversal sign ahead. But I’m very curious about the volume seen in the past days. During the entire last bear leg, after it found a top around the 21 ema at the $ 46.28 (black line), it dropped with a very low volume. And when it started to get closer to the $ 35 area the volume started to increase again. What’s more, Friday’s bullish reaction had a higher volume than usual.
Usually, this indicates that this is not a real sell-off , but since NIO is quite weak and we have no reversal sign ahead, there’s nothing interesting to do. But I agree that if we see any bullish sign this week, it could offer a brilliant buy opportunity for everybody who wants to buy NIO or increase position, as the R/R ratio is very high.
Let’s see how NIO will play out in the next few days, and remember to follow me to keep updated about our daily studies, and if you liked this idea, please, support it!
Thank you very much.
Nio important levelsGood morning people 👍
𝙒𝙤𝙪𝙡𝙙 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙠𝙣𝙤𝙬 𝙖𝙩 𝙬𝙝𝙖𝙩 𝙥𝙤𝙞𝙣𝙩 𝙩𝙤 𝙗𝙪𝙮 $NIO (Nio Inc.) ?🤑🤑
I teach you easily with a graph , the only thing you have to memorize are the 4 areas drawn with 🟢Green / 🟡Yellow / 🔴Red /⚫Black.
🟩Best entry : 27.80 USD
🟨A good entry : 36.80 USD
🟥Risky entry : 43.20 USD
⬛Danger zone : 25 USD
PD : Black zone is dangerous if the price crossdown this level, it could go down much more. The price can drop to 14$ .
PD2 : "Risky Entry" means that it is a more dangerous entry compared to the other 2 colors. But it is a valid entry anyway.
PD3 : Leave me in the comments, what do you want to analyze next. (any crypto/stock/indices )
PD4: If you still don't have Nio in your wallet, I would advise you to buy on the green line or the red line. They are the 2 best entries at the moment.
𝙄𝙛 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙞𝙩 𝙤𝙧 𝙞𝙩 𝙝𝙖𝙨 𝙗𝙚𝙚𝙣 𝙝𝙚𝙡𝙥𝙛𝙪𝙡, 𝙮𝙤𝙪 𝙘𝙤𝙪𝙡𝙙 𝙨𝙝𝙖𝙧𝙚 𝙩𝙝𝙚 𝙥𝙤𝙨𝙩 / 𝙘𝙤𝙢𝙢𝙚𝙣𝙩 / 𝙡𝙞𝙠𝙚.
The post would have more visibility so that more people can see it.✅
Check my profile @MisterZtrading