Niolong
NIO Adam and Eve double bottom / DragonNYSE:NIO
Nio has been in the new recently so i decided to take a look at the chart.. and heres what we can tell
beaten down Chinese stock that has already started to bottom out...double..bottom..out lol
not only it is a double bottom but its a near perfect representation of an adam and eve double bottom. POTENTIALLY
which would make setting PTs for this fairly straight forward.
ALSO with that double bottom the large structure looks to be that of a Dragon with a very clear spine.
again which would make setting PTs for this even more straight forward
however you'd like to look at this chart one thing seems for sure/ from a purely technical standpoint this asset looks like it has plenty of upside to run.
let me know what you guys think in the comments.
and as always , happy trading
NIO: Deliveries up YOY!!NIO
Short Term - We look to Buy at 16.34 (stop at 11.63)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported a 11% year on year rise in deliveries which is good fundamentally. The trend of higher lows is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 16.00 level.
Our profit targets will be 27.48 and 32.00
Resistance: 24.00 / 34.00 / 45.00
Support: 16.00 / 12.00 / 5.00
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NIO Cars Have Four Wheels & A Double Bottom?NIO Cars Have Four Wheels & A Double Bottom?
I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart.
Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks.
What confluences further influenced my position on NIO?
-9 MA approaching the 21 MA for a crossover
-Broke above the weekly timeframe resistance zone
-Bullish Harami pattern spotted on 4H chart.
*Special note- NIO gapped down January 24, 2022. The gap size is approximately 5.08% or 1.32.
The reasons aforementioned is the explanation for my bullish stance on NIO.
*This is not financial advice.
Peace & Prosperity,
MrALtrades00
NIO Buy SetupNYSE:NIO Signal
Entry - $10
Target - $27
Invalidation - $2
Risk to reward ratio - 2.13
Technical confirmations
Gap between $9 and $11 where unfilled orders have to filled.
Price once rejected $10 level and then broke it. We think that $10 level could act as a potential support.
We have a 0.886 Fib retracement level at $9
Fundamental confirmations
Why should price reach Entry level?
Because of the lockdown in Shanghai businesses are getting logistics problems.
COVID-19 lockdown and China political situation with Russia influence foreign investors to sell their stocks.
NYSE:NIO is in the list of Chinese YTD share performance sectors that are vulnerable to COVID lockdowns
Why should price reach Target level?
Debt to equity ratio: <1 (Stable company)
Has a stable cashflow
According to Nasdaq, CNBC long-term price goal - $33
Nio Finally Bullish? NIO
Short Term - We look to Buy a break of 23.79 (stop at 21.92)
We look for gains to be extended today. Price action has broken from the previous formation. The reaction higher is positive and highlights a clear reversal. Short term oscillators have turned positive.
Our profit targets will be 28.11 and 32.51
Resistance: 28.00 / 34.00 / 45.00
Support: 23.00 / 20.00 / 13.00
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NIO Price TargetPrice target for NIO is $21.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
NIO LongAnalysis done on 30 minute and daily candles. Electric vehicle shares rallied today with NIO being one of the leading performers after their announcement to have a second listing on the Hong Kong Exchange. This is good news for investors because means the company will be able to bring in more capital from a new pool of investors. 2021 was a very tough year for NIO and Chinese stocks in general, the stock was trading at a high of nearly 70.00 at one point, but the rising fears of Chinese delistings and overall market correction has brought down its market value. Looking at the short term, today's rally brought NIO's daily candle up to the 10 day MA line on the daily, but wasn't able to breakout above it. Going into the rest of this week, your best case scenario is NIO gaps above that MA line and continues its rally. That would involve NIO breaking above the 23.15 resistance, which it would then have a price target of 24.50-25.00. If NIO fails to move above its moving averages then it can decline to test the 21.00 support. If it breaks below then it can see 20.00.
$NIO Bullish Outlook for 2022First off, I would like to preface this position with the concrete evidence of NIO further positioning itself as the primary EV of choice of the Chinese population. The market in which they are already expanding in has potential to result in return, especially long term that will be incredibly lucrative. Furthermore, as society and the political spectrum further shifts towards green energy, specifically limiting carbon footprints - IMO China per recent actions will indeed turn to EV's as a first step in this process as environmental concerns are paramount and relevant. This relevancy alone will create demand, in which NIO is already ramping up production for and enhancing the consumer experience via rest stations with amenities at charging stations for example. This is from a fundamental perspective, to further support this stance I will now move onto the technical analysis of NIO and its correlation for a bullish 2022...
As we can see from the chart, recently we have seen extreme selloffs and huge dips in price, larger time frames support this per price lagging under many of my EMA including the 200 day, this alone can support a buy, but that would be ignorant to make a trade off of one variable alone. Furthermore, as we can see per the fibonacci levels of retracement price has bounced and is holding, we will see price grind upwards at each of the levels above within the near future. Specifically, price has broken above our the first level of support after a FULL 100% retracement downwards, this presents an great buying zone and more importantly, an opportunity to play off the fear and uncertainty which is a vital staple of my trading strategy and one of all successful traders, in my personal experience. The final technical aspect of this chart that I love the most and validates my position is the recent bullish volume spike of buying volume that sent us up to our first level of support, shows conviction and actual big money positioning themselves early. Lastly, NIO from a fundamental and technical perspective IMHO will have a huge 2022 with a price target of $50 EOY 2022, longer term its growth and price.
If you all enjoyed please let me know and leave a like, any comments and or feedback is always appreciated!
NIO - mid term overviewNIO is in consolidation for long time after big upwards price action in form of falling wedge/channel.
Currently sitting on weekly support with oversold condition on RSI.
Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.
NIO - POSSIBLE TRADEHello there,
As you can see in the chart NIO is approaching the 0.618 Fib level, and a previous support around 26$
We will enter this trade once NIO touched the 0.618 Fib level and bounce and we will ride all the way up.
Our SL will be breaking this level.
Our Target: Sky is the limit.
Cheers.