Niolong
Inverted Hammer NIO Trade on D timeframeENTRY: ~ 42
EXIT: ~ 55
STOP LOSS: 38
-We had an inverted hammer pattern in NIO and it was confirmed today as it didn't break the pattern yet.
- Looks like a good setup right now, as it is trading around the ~ 42 previous support level.
-We also have high volume which confirms the pattern + support level
NIO this cheap is a Blessing in disguise! Dont miss the train!I have been a long term NIO holder and NIO started many thing for me back in August 2020-November 2020! I rode the train up and down up and down!
It paid off super heaviily! I was still learning so I did lose a little money but those were lessons learned!
I have loaded up super heavily on NIO leap calls and I believe we will be 100+ in near future, probably before end of year! (yea call me crazy!)
I am super excited because NIO is a great company and they have accomplished A LOT!
Get ready for some fun and money :)
Take care! will update as time goes on! NYSE:NIO
NIO to new price level.On Friday, the price reached its lowest point this year at $ 31.91, but did not break the support level that formed between Oct. 30. 2020 and 02 Now 2020 it was GAP. So Friday formed Hanging Me, which opened at $ 0.04 below Thursday’s closing price. Also on Friday the closing is on the support level and on the Fib O.5 level (Fib top was 24 Feb 2021. The low was $ 23.73 this low I chose because it was the 14 Oct 2020 GAP low. It was a strong support level because after it the price moved to a new height.) All levels coincided and hanging me should inspire the price to rise or just stop the price from falling. RSI and Stoch are oversold + indicator at the oversold level formed Hanging man, this is a strong signal of a trend change. If the price opens higher tomorrow, it will confirm Hanging man and follow the positive price mood, buyers will opening short and raise the price to one of the Fib level or even higher. Also, market sentiment during the month should be positive after two weeks of bear market over which there was a big sale.
In my opinion, the price can rise to $ 56-60, it all depends on the market mood.
Four scenarios for NIOAfter a sharp drop in price, the momentum equals, which is a positive signal. The RSI has also fallen gently, which means a positive side. There are also strong support levels for the GAP at Dec. 11 and 15. I think four scenarios are possible.
1. The NIO drops to $ 36 or $ 30 and the price recovers over time.
2. The fall stops at the support level and the price moves sideways.
3. The price drops to $ 60, bounces off the resistance level, drops to $ 44 and below, thus creating a head and shoulder pattern, then a serious price correction would be expected.
4. The price moves further in the yellow channel, moving away from the level of support and resistance, thus creating a solid and long base to emerge from it to new heights.
5. The most unrealistic scenario in the next week the price reaches +70.
NIO Long - Price holding at support, ready to riseAs posted yesterday, price is retracing and reacting to Q4 2020 earnings report.
The price is holding steady at 42.xx support which goes as low as $38.00. Price should begin to rise now as things settle down. Long entered here as price expected to rise up to $50+.
SL & TP on chart.
Good boarding price before report, thanks to big brother.I find it a buggy thing that the market also sold the NIO because of the TSLA, but the co-movement of the sector has resulted in a good entry.
I think for a number of reasons that, a serious rise in the exchange rate is expected, e.g. the consumer power of the Chinese market, expansion, etc.
Good luck to everyone. (:
NIO + Trading UpdatesBeen charting a few stocks this evening and I'm seeing the same pattern on this chart across all. Lots of dip-buying today and the daily candle for most big caps/tech stocks formed a nice bullish hammer with a strong wick on strong volume. Looking for a sign of continuation with entries at the fib level and/previous support, pre-market going into tomorrow morning. Although it was a decent green day for the markets, I did anticipate and play the dip for some solid returns.
Expecting strong support around 50 days EMAIt's rare to see NIO bouncing around its 50 days moving average during such a booming EV market. As I see the bullish momentum continuing I expect to see strong support and bounce back in NIO stock. I could also see the bounce back being even faster, in the case of NIO releasing especially good delivery numbers for February.
NIO potential breakout with multiple confirmationsNIO is currently in a volatility squeeze and has broken the significant level within the trend pattern that has led to a large break out multiple times (Within the current trend)
One precaution to consider is that the uptrend is getting a little long in the tooth when looking at it from a Fib Time Zone extension perspective