NIO - POSSIBLE ELLIOT WAVE 3 ENDINGNIO has followed a bearish trendline very beautifully.
Can see theres still room for further downside. My count shows that NIO is close to completing wave 5 of (5) of ((3)), so thee are multiple sequences that NIO will be completing at this area with the target range within the pink lines ($7.40-$4.88). Can it go lower? Of course, its markets that decide, will it go lower? probability wise not here and not now, but after wave 4 rally, we can favor stronger bearish move lower.
I would suggest being patient with NIO as market wide sentiment is 'take caution', and as always never throw all your eggs in 1 basket. Manage Risk and use a DCA strategy to accumulate a position. Below$6.00 is great area to buy some NIO but always be prepared that it can drop all the way to the lows
NIO
NIO, mby close your shorts guys, this one is goin places Everything is going in favor of NYSE:NIO , i wouldnt short this.
When you buy now ist not even FOMO, long-term 100+ for sure.
Make your own analysis, i m all in on this one, selling on 120, until that HODL !! :D
Have a succesfull day ! NYSE:NIO
Ford - A Cautious Post-ER Long ScalpFord is one of the richest charts among all of the U.S. equities to chew and savour for an analyst.
The reason is, its relevant price action to today spans some 22 years, and we can only see it on the monthly:
Notably, $26~ was a curious place for price action to stop and reject 18 months ago, leaving monthly hallmarks of potential targets
And looking at the weekly:
The rejection was so gappy, closed in ranges not seen on the monthly, but left open ranges not seen on the weekly.
And yet in 18 months, the flat bottom formed under $12 is no cause for bullish continuation. "Support" as retail traders are taught to believe in, is made to be broken.
Therefore, this chart would absolutely never be a long, in my opinion, except that price action you can only see on the daily has created a set of goalposts.
And those goalposts are at the $15.42 level, which formed a perfect double top composing the July high.
Before we begin, I want to warn you that trading the markets right now come with significant geopolitical risks surrounding China.
The International Rules Based Order is frequently going off about "de-risking" from China, but not "decoupling," and the meaning of this is pretty significant.
You should note that the propaganda machine is always targeting "China" but not "The Chinese Communist Party."
Don't you think it's strange that despite the CCP's 100 years of murdering significantly more of its own people than Hitler did in general that the global Party doesn't take advantage of the CCP's heinous human rights abuses and totalitarianism to take it down?
Instead, they're always going after China, its 5,000 year old culture, and its 1.4 billion pre-Wuhan Pneumonia population?
It's because the IRBO wants to take control of China as the CCP falls. They won't take control of it directly, because they're not Chinese, but will install a puppet from Taiwan.
And this is where "War With Taiwan" garrling comes from. It's not that Xi Jinping is going to invade Taiwan, but that the IRBO intends to take control of China with Taiwan as a proxy.
But Xi can always weaponize the 24 year persecution of Falun Gong, started by former Chairman Jiang Zemin on July 20, 1999, to protect himself and China, because Wall Street and the World Government have been extensively visiting Shanghai (Shanghai Gigafactory what?) to train Marxism.
And training Marxism in Shanghai means depositing collateral with the CCP.
Xi has never persecuted Falun Gong. Instead, Xi has even protected Falun Gong from the Jiangling thugs in Hong Kong, and that was the real purpose of the National Security Law and the installation of John Lee as Chief Executive.
Notable that Lee was banned from attending the San Francisco APEC conference in November by Joe Biden, in that light, wouldn't you say?
So, back to trading.
Generally, the market makers will not leave this kind of double top in play, because short sellers love to go bigly short under them because "it's strong resistance," before taking new lows.
It's noteworthy that Ford is only a ~$50 billion company. Compare that to Tesla and decide which company is over/undervalued.
And all of that is just theoretical, but when we combine it with the fact that Friday's earnings were actually pretty good, but Ford dumped, and back into the box that preceeded its breakout, making it a classic breakout-retrace long, we have a trade setup.
So here's the idea.
Unfortunately, I believe that there is extremely high probabilities that the indexes are topping to end July or to begin August, which I go over here:
# SPX - The Sound of a Shattering Iceberg
Ford would probably get drug down in a 200+ point SPX correction.
That means that while we have significant bullish upside targets, at the $18 and $22 levels, all of the long term price action considered, we probably have to raid the bottom under $10 before Ford can really and truly rally during an index recovery.
So what we have is a long from where we are on Friday, +/- $12.80, with a target of $16.
This is a pretty nice range to collect.
Rather than use a strict price based stop, what I would like to say is that if Ford does not trade up and away from this $13 level within the next two weeks, it would indicate that big money is up to something else, and a long trade is either not valid or too risky to bother with.
Conversely, if you're bold and brave, shorts/puts over $15.50 with a target under $10 before 2024 may equal an even better payout and risk reward setup.
This trade is something of a coinflip that I only have moderate confidence in. What I have confidence in is that the MMs will not leave $15.50 in tact before they really dump it.
I also don't believe they'll leave these perfect flat bottoms in tact before they pump it.
So, be careful, and good luck. Plays like this are a lot better than gambling on the latest dumpster fire coin (AMC, SPWR, lol) spread on Marxist messenger Reddit.
Is this the turning point for NIO? NIO earnings are this Friday 9th June
- Positive Divergence
- OBV breaking upward potential
- As per prior post, we are in half way into the long
term buy zone. Long term accumulation can
commence for long term investors.
- Price could drop as low as $6 however there is no
guarantee, and with the positive divergence there
is a trade to be considered to the upside with
earnings on the agenda this Friday.
- Stop Loss at June 1st low somewhere between
$7.00 - $7.42 depending on risk tolerance.
FSR setting up LONGFSR as shown on the 2H chart current has its price sitting near to the
lower Bollinger Band and is supported by both the mean VWP anchored back
in mid June when the price was bouncing over and under the basis band of
the Bollingers. Price is also supported by confluence between that mean VWAP
and the short term POC line of the volume profile showing validity and balance
in recent trading above this zrea. The Chris Moody MACD indicator shows the
lines crossed under the histogram which went red to a tiny green and also
generated a green ball, a buy signal of sorts. FSR has been on a pullback for
about ten trading days. The analysis is that it is now ready to trend back up.
Overall,
I see this as a long trade setup targeting first the basis band of the Bollingers
at 6.50 then the upper band at 6.80 and finally as a target for any runners the
second deviation line above the mean VWAP (thick red) at 7.20. Although FSR
is highly volatile I assert that buying low more often than not leads to sellng higher.
XPEV collaborating with VW = China EV on fire !XPEV is trending up. It is Chinese in the biggest EV market on the planet.
No import duties. Low-interest rates on debt and consumer auto loans here
as the government is doing the opposite as the US fed. Now the collaboration
with VW which has legacy excellence in manufacturing with XPEV whose
forte may be technology and autonomous driving innovation. On the 2H
chart, the stock price jumped fast and hard on the news catalyst. The
MACD launched signals over the histogram and the Volume Price Trend
screamed higher. This all spells momentum. While there is a risk of a downfall
reversal and drop as they saying goes make hay while the sun shines.
There may be shadows of short selling squeezing here. Time will tell. For
sure being late to the party is sometimes a waste of time. The real show
will be watching XPEV/ VW competing with both NIO and TSLA in China.
To the victor goes the spoils. Hold on as the ride will have some bumps.
NIO can correct slightly when hitting the $14 resistanceNIO is on a decent run and will now face some resistance around $14.
Price might correct to $11.90-$12 region, in line with the trend line (dotted) I drafted, if we don't surpass the resistance level with a bull run.
I'm long on NIO. Entered $7.58 and $9.08.
NIO Wedge Breakout ContinuesNIO continues to move higher after breaking out of of the falling wedge pattern and topping the 200-day moving average, currently up a little over 10% today and +20% from my entry of $10.77 on 7/13.
The current price candle is yellow which indicates extreme bullish momentum behind price; yellow candles tend to indicate that price is becoming overbought and approaching a short-term top. With this push higher I've moved my stop-loss up to $11.71, just below the yesterdays yellow daily candle and into profit so the trade is guaranteed to pay out now if price reverses. For those with a lower entry price than mine and can afford some volatility and still remain in the green, stop-loss 2 is recommended as that was the the last higher low(HL) made in price before NIO made a new local higher high(HH). As price makes new higher highs on a chart I move my stop-loss to just below the most recent higher low as those are the last levels of support by buyers. If those higher lows are violated to the downside it likely means that sellers are in control of price going forward. Stair steps up: move your stop-loss to just below the last step price was on before it progressed to the next higher step.
My strategy with yellow candles is to move my stop loss to just below each yellow candle as price moves higher since price tends to continue to drift lower once the bottom of a yellow candle is breached on a pullback, reference previous yellow candles on the chart for historic moves after yellow candles form. For now I'm using yesterdays yellow candle as my stop-loss level since todays yellow candle is still live. Once the market closes today I will move my stop-loss to just below todays yellow candle.
The PPO is still showing positive short-term momentum with the green PPO line rising above the purple signal line. Both lines being above the 0 level indicate intermediate to long-term positive momentum.
The TDI indicator shows the green RSI line above the 60 level which indicates a short-term bullish trend. The green RSI line is trending between the 40-80 level which indicates an intermediate to long-term bullish trend. The RSI line is approaching the 80 level though which indicates short-term overbought conditions; price tends to reverse after the 80 level is tagged in the RSI. The RSI is also above the upper white Bollinger Band which also is a sign of extreme bullish momentum and tend to indicate a pullback in price is likely once the RSI moves back below the upper BBand. However, you generally want to stay long as long as the RSI remains above the upper band, and stay short when the RSI is below the lower BBand.
The TDI indicator is the one that is painting my price candles and giving me the yellow overbought conditions. Candles turn yellow when the green RSI line is above the upper Bband. You can find my TDI indicator here and add it to your own chart template:
Stage 2 Breakout in NIONIO is basically a Chinese Tesla. They are an electric vehicle manufacturer with seven models in production and have so far delivered around 350,000 units.
I don’t typically like Chinese stocks, but this one looks poised for a breakout higher.
The chart above shows my stage analysis for NIO stock on a weekly chart covering the last four years. As you can see, NIO is setting up for a new potential Stage 2 rally.
The first breakout into a new Stage 2 uptrend is, without question, the best place you can buy a stock.
If you drill down to a daily chart, you will see that NIO finally broke through its 200-day SMA which has acted as resistance for the entire downtrend.
If NIO can hold above its 200-day moving average and breakout higher, this could be a near perfect entry on this growth stock.
Is JD a Chinese economy equity setting up a reversal?JD on the long term weekly chart appears to be in a descending wedge pattern which
would generate a bias for a breakout upside. Price is now supported by the one standard
deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term
volume profile is that the Point of Control is just below price and that the vast majority of
trading volume has been above the current price. I can readily presume that JD is at or
near a bottom and most certainly the 1, 2, and 3 year lows. Analysis on higher time frames
such as the weekly are more likely to be accurate with good signals. On the MACD signals
have crossed in mid-May and now ascending in parallel toward the zero line while price
is bouncing around at what I will call the bottom. Said another way, the MACD is showing
bullish divergence. The upside here over a long term could be as much as 250% and much
much more with a long expiration options contract. I will open a long trade here in
a small position with a stop loss below the POC line and DTA into it over time whenever there
is a pivot low on the weekly chart. I am confident that the Cinese economy with supposedly
zero inflation will be an excellent backdrop for Chinese stocks to run higher in due time.
$NIO is turn to stage 2 ?NYSE:NIO is nearly turn to stage 2
Technical Analysis Big picture:
1) NYSE:NIO is going on down trend for a year and 3 month ago just have low volatility and low volume
2) Make Sideway down and forming wedge shape with RSI overdrive up. Possibility highly to make U-turn
3) HSI index make pattern H&S. If complete price break upper resistant it's time of chinese stock rally
4) Now it has 2 resistant to confirm stage 2 is breaking EMA200 and Breaking base of wedge shape to confirm
Technical Analysis Small picture:
- NYSE:NIO break the wedge and make lower high forming picture Cup and Handle
Hope NYSE:NIO get well soon
Good Luck
NIO Wedge Breakout + 200sma BeatNIO has been benefiting from the recent rise in EV stocks with price breaking up and out of a falling wedge pattern while simultaneously crossing up through the 200sma with multiple closes above it. The last time NIO closed above the 200sma prior to this recent move higher was back in November of 2021.
Looking at the moving averages(8,21,34,50,100,200) we can see that the shorter averages are rising and crossing up and above the longer averages indicating a short-term bullish trend in price. The 100ma is leveling out, the 200ma is still declining. We want to see price continue to rise going forward and for the two longest MA's to turn up to strengthen the bull case in NIO.
The PPO indicator show the green PPO line rising and trending above a rising purple signal line which indicates short-term bullish momentum in price. Both lines trending above the 0 level indicates an intermediate to long-term bullish momentum in price.
The TDI indicator shows the green RSI line trending above the 60 level which indicates a short-term bullish trend in price. The RSI line is also above its purple signal line and in the upper half of the Bollinger Bands indicating a bullish trend. Going forward we want to see the green RSI line continue to trend between the 40-60 levels as a sign of an intermediate to long-term bullish trend. The only negative here is the RSI line putting in a lower high compared to price which is a bearish divergence and could lead to a short-term pullback.
Assuming that the stock market and EV sector specifically continue to hold it together, NIO should benefit.
Buy price for me was $10.77.
Stop loss for me is currently at $9.37.
No upper price target for now, will continue to raise my stop-loss as price sets higher lows on an anticipated continued move higher.
LI , a Chinese EV manufacturer LONGLI has seen a 60% price rise since significantly beating the earnings estimates of the analysts.
LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It
does not import to North America. The 2H chart shows price rising consistently in a channel
between the first and second standard deviation lines above the mean anchored VWAP
demonstrating trend persistence and momentum. The zero-lag MACD shows a line cross
at the zero horizontal line and rising as confirmation of bullish momentum. I see $40
as a reasonable target at the level of the 3rd upper standard deviation lines. With the
next earnings report due August 21st, I will take a long trade of ten call options striking
$38.00 expiring 8/18/23. On the last trading day, this option had a low of $1.75 and
a high of $1.90 for an intraday rise of about 8%. The contracts will cost about $1900.
I am expecting about a 3% average rise compounded over 30 trading days or 250%
return on the trade.
NIO - Falling Trend Channel [MID -TERM]🔹Breakout the ceiling of falling trend channel in the medium long term.
🔹Breakout resistance at 8.79 in double bottom formation.
🔹Supports at 9.3 and resistance at 13.
🔹Short-term momentum is positive with RSI above 70.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Pure Play - Electric Vehicles LONG: TSLA NIO RIVNWhy EVXX?
The electric vehicle (EV) market is growing. In 2022 14% of all new cars sold were electric, up from 9% in 2021 and less than 5% in 2020. There are more than 26 million electric cars worldwide as of 2022, 60% more than in 2021.1 EVs are a crucial part of the sustainable future but it’s not always clear which specific manufacturers will come out on top.Show less
Objective
The Defiance Pure Electric Vehicle ETF (the “Fund”) seeks to provide investment results, before fees and expenses, that track the performance of a basket of common shares, which are equally-weighted on a quarterly basis, of the five largest (by market capitalization) electric vehicle manufacturers (the “Underlying Securities”) included in the Solactive Pure US Electric Vehicle Index (the “Pure EV Index”).
YINN - a leveraged bullish ETF for Chinese stocks.YINN is a 3X leveraged bullish ETF of Chinese stocks. As can be seen on this one hour chart,
YINN has jumped nearly 30% since the beginning of the moth. On the chart is a moving average
ratio indicator ( with settings SMA7 / SMA28 ratio ). When the ratio crosses the zero line, the
shorter average is rising faster than the longer average demonstrating bullish momentum. Here
I used it as an entry signal. ( the exit signal would be the ratio dropping below the zero
horizontal line which has not yet occurred) For confirmation and further entry justification,
the volatility indicator shows spikes above the running average volatility in order to be
that there is enough volume and price action to get into a good trade in the direction of
the trade. Fundamentally, the Chinese economy is open and growing. the CCP has resisted the
urge to raise prime rates as compared with Western central banks. ( BABA and NIO have
good current price action.) Given the guidance of the chart, YINN seems to be a
good long trade I will continue to add to the trade when the chart tells me the time is right.
Teslas ninja bro - chopping before move to $13.50Tesla, Lucent, Rivian, Nio not too many new names entering the scene in the last year... Nio will boost the worst has been put in. IMO 6 month call options OTM $13 plus should be pretty safe. Lots of potential direct or indirect headline catalysts here through EV, AI, and Tesla tailwinds.