NIO formed ABCD pattern; $10 SOLID SUPPORTRSI rising. Solid support at $10. ABCD pattern over extended, price ready to move up. Three price targets for 2-4 months.
NIO
TSLA vs NIO: Buy and Sell EV's against each otherWorking on a EV only portfolio strategy where you just trade Tesla for NIO stock back and forth. I backtested it with $1000 to start on May 19th 2019 (think fractional shares at first). Buy into Tesla to start (based on the chart) with 100% of the portfolio. There are some trades we could not do because we didn't have any more money to put into the stock.
We came up with a running total so far $3014 or $2014 in profit. Let me know your thoughts we charted every trade we did so far. we never got to 100% total
$NIO - BEARISH Flag Setups $5 TargetNio has undergone multiple Bearish flag setups and is now also formed another bear flag for a potential leg down to the $5 range. This could drop down to as low as $1 support.
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation.
POINTS:
1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT.
2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY.
3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts.
4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum.
IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE.
SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET.
SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
Stay Away And Come Back To Tesla?At crazy valuations I have to think this way. Two possible price movement with both pointing downward first. Might be good to stay away and watch the price action before blindly going all in. Especially when demand is coming down for products in the US. Thanks for the view...
NIO INC Stock Analysis Target Price 5 USD only if the support line of
the channel is broken.
It is a bearish market - so do not go long now!
Hold or go short only if the level of 10.00 USD is
broken for more than 2 days of Market
NIO looking bullish on 4hThe price action may be trying to form an inverted head and shoulders (currently in the process of forming the right shoulder). The RSI seems to be bullish and creating an ascending triangle seem to have completed wave D and now waiting on wave E which should be the breakout wave bringing the RSI hopefully into the overbought territory.
NIO seems to be inbound $15On the 4HR and 1D it seems like we can bounce back to mean price from around $10.
Stance is neutral, will take profit at $15, be cautious of downside but I think we may gap up first, then towards $20 if this rally lasts into early Q2.
$7 would be the floor if price rejects.
Stay safe.
NIO didn't break, but is close to the 2022 POCNIO is currently trading near the 2022 Point of Control (POC) after failing to breakout at the top of the descending channel. This presents a great opportunity for investors to capitalize on a potential rebound in the stock price. Although NIO didn't breakout at the top of the channel, the current stock price level presents an attractive long-term opportunity for investors to benefit from the potential upside in the stock. With the stock price near the 2022 POC, investors should consider taking advantage of this opportunity to get in before the rebound.
*Testing AI generated text*
Cheers!
$NIO - Price Target $5 - Continued BEARISH Flag SetupAs you can see, a mountain top has been formed with a base at the $5 to $1.50 range which will be the price target. It will take sometime but heading there as it is still forming the bottom of the mountain. It also rejected and could not get over the downward channel (right side of mountain).
$NIO earnings play 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $21.31
Take profit: $27.50
Stop loss: $20
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NIO BEARISH BAT BEARISH HARMONIC PATTERN
Still not valid until price close above B .
If the pattern is activated the target will be point D which is the completion of the pattern and expect a 38% retracment.
Breakout on $NIOAnother possible breakout on $NIO. If Elon goes well, the rest of the EVs companies share that fate. Plus, is a China stock.
Trading Idea 008: NIOMarket Conditions:
- bearish trend
- correction movement
- bullish sentiment in the market
Key Level and Lines:
- $11.81 resistance
Trading Ideas:
- go long after a consolidation around the resistance
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
NIO CARSif you don't like Tesla, Here Nio, the chinese version.
- Like Tesla, Nio makes luxury electric vehicles. Unlike Tesla, Nio does not make its own EVs, instead partnering with a state-owned auto manufacturer. Nio, Xpeng (XPEV) and Li Auto (LI) are startup rivals to Tesla in China, the world's fastest-growing EV market.
- Nio's great advantage is that its owners have the luxury of using both battery-swap and charging, reducing battery and range anxiety some might have with electric vehicles. In 2021, the founder, Li Bin, announced that Nio plans to expand to 25 different countries and regions by 2025.
Trading Parts :
- Notice the GAP in October 2022, around 10$. Then NIO started his first bullrun to 66$+.
- Right now the Gap has already been taken back in October 2022.
---------------------------------------------------------------
Buy Zones :
---------------------------------------------------------------
- Buy breakout around 13$
or
- Buy Retracement around 10$
TP : 26$ ish. ( at GAP zone )
SL : 5.8$
---------------------------------------------------------------
- Trading is Trading but i consider NIO as good long term investment, but it's just my humble opinion.
Happy Tr4Ding !
HS patter on 4H timeframe. HS pattern forming at 4H $NIO. We have so far good support on 0.5 Fib level 10.65. if broken we will leg down to 10.40 and eventually 10.
NIORetest of the support failed and NIO is falling back down. If this continues it could see the low 7's.
THIS IS NOT FINANCIAL ADVISE SIMPLY PERSPECTIVE
TSLA - Triple Bottom then Flat Top TriangleTSLA has had a long down trend from macro factors including China , a recession as well as a unique
situation tying it to Twitter and Musk liquidating large blocks of stock.
From the technical side of things a recent triple bottom has evolved to a flat top triangle pattern.
Both of these are bullish suggesting a reversal is real. The setup is for a breakout above
the flat top ( black line drawn on the chart) I will add TSLA back to the waitlist and watch
it also with a small position in leverged TSLL. Once it is above the breakout level of 124.75
call options with 2 weeks expiration strike of 130 will be entertained.
Bias more on upside NIO15th Jan 2023
Previously, Nio drop to 3 support level which I shared in Sep 2022. Congrats for those who make on this call.
After forming a real support around $9, we may see some upside on Nio.
Last support price will turn to resistance level.
First Resistance: $12
Second Resistance: $15
Break and close above $15 may hit final TP at $20.
NIO rising from its downtrend.NIO double-bottomed in late December, this past Monday, and also back in November
at the same level now drawn onto the chart in green. It is now above the POC line on
the long-term volume profile suggests it was pushed there by buying pressure
exceeding selling. Fundamentally, NIO is strong in China, TSLA lowered its price
to be competitive and maintain market share. Easing of COVID lockdowns has
helped boost production. Price has moved above the SMA 100 and SMA 300 on the
rising uptrend.
This appears to be a long trade setup.
$NIO 1H viewQuite interesting setup.
Also below are interesting points to consider:
1. RMB vs us dollar, approx +8% gain favor RMB
2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8%
3. NIO selling mostly in China benefits from the strengthen of RBM
3. Commodity prices are down on average -30% from peak levels
4. Lithium prices are down on average -20% from peak levels
5. China energy inflation much lower than Europe and US
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week;
• It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020);
• Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level);
• However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart:
• Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop;
• If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line;
• Either way, NIO looks promising. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
