NIO 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,...
Momentum has been missing YTD is the key for NIO to moves.
Potential Bullish Reversal: Falling Wedge Pattern Spotted on NYSE:NIO Greetings, fellow traders! Today, I bring your attention to an exciting technical pattern that has emerged on the stock of NIO Inc. ( NYSE:NIO ). A falling wedge pattern is forming, indicating a potential bullish reversal on the horizon. Let's delve into the details! 📈 Ticker: NYSE:NIO 📅...
It seems like NIO stock has fallen a lot, doesn't it? Well guess what... it should fall another 60%+ from here.
NIO has descended into its demand zone as shown on the 2H Chart. It is now above the POC line of the near-term volume profile. I will take a trade here setting a stop loss of 7.33 below the near-term high volume area. The first target will be 7.6 which is approximately the anchored VWAP ( thick black line ) confluent with the POC line of the...
DESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate. ...
Leaving this here... Simple set-up. Everytime RSI reaches this low there is a bounce opportunity to be played... Sell when it's at the top, and rinse/repeat. Max it can reach is $15 before another leg down to consolidate... (Not financial advise)
RSI rising. Solid support at $10. ABCD pattern over extended, price ready to move up. Three price targets for 2-4 months.
DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future. POINTS: 1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS 2. Current Trend: Symmetrical...
DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY. IMPORTANT: - With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY. - RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE...
DESCRIPTION: In the chart above I have provided and updated micro analysis of NIO along with updates SUPPLY & DEMAND POCKETS. POINTS: 1. NEW DEVIATION OF 10 POINTS beginning from 9.50 as it sits as major DEMAND FLOOR. 2. Descending Triangle pattern is now officially broken toward the UPSIDE. 3. 11 POINTS IS FIRST CRUCIAL SUPPORT THAT MUST HOLD EVEN IF IT MEANS...
I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions. If not we can expect the downtrend to continue to $9. If it reaches as low as $5-7 I will be scooping up a lot. Good luck. (Disclaimer : Not financial advice)
If you haven`t bought the $15 strike puts when i wrote you this article, which are trading now at $3.50 from $1.14: Then you should know that looking at the NIO Inc. options chain ahead of earnings, i would buy the $12.5 strike price Calls with 2022-11-18 expiration date for about $0.38 premium. If the options turn out to be profitable Before the earnings...
As per chart, I think NIO will be a good short-term buying opportunity. NYSE:NIO A retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA... Look to enter anything above 15$/Sub 20$. EV stocks have taken a...
Interesting chart development, at same time as NIO taking more space on media and showing growth on sales and deliveries.
NYSE:NIO Nio has good news "Saudia Arabia looks to EV cars" and an amazing week for Nio with a 20% gain it properly continues to go up to break 12$, 14$ and close the week 14$
Order BUY NIO NYSE Stop 10.19 LMT 10.19 will be automatically canceled at 20230401 01:00:00 EST NIO daily bullish end of wave 5 C bottom of MRC. That may be it for NIO.