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Niolong

NIO needs some consolidation to build up momentum.Due to popular demand, I've taken my first look at NYSE:NIO . Predicting the next move has proven difficult in this particular setting. In the following, I will list all the bullish and bearish factors I have seen in the chart. I will not consider fundamentals. Bullish : The thick ascending trend line looks like it will hold, especially that we are in a bull market. That means that the more touches and reversals this line sees, the stronger it is as support. In a bear market, the more touches, the more it is likely to break. This means that we don't expect price to go below $52 this coming week. The last candle is almost solid green and it also gapped up. That is a bullish signal for the next day. The next candle will be a green 2 on the TD setup. If that trades above the last candle (the green 1), that is a signal for a new bullish momentum. The last candle cleanly broke above the short-term descending trend line that started on the 11 January top. That makes this same line good support. Bearish : RSI divergence. See my TRYUSD idea if you need to understand RSI divergence. Here, we see significant RSI divergence that makes me believe price will sink slowly towards the previous RSI high at $42. Sideways/Consolidation : Whether we're going up or down in the coming week, price needs time to consolidate. Time makes RSI and moving averages adjust, catch up with price, and come back to normal levels where investors are more comfortable. Normal RSI levels mean less volatility. Extreme RSI levels mean more volatility. So if a bullish run occurs at these levels, expect volatility and expect sudden reversals. On the other hand, a bullish momentum that you can be more confident of as a daily observer occurs with one of the two scenarios I drew with the green and red curved arrows. These scenarios are following certain levels of RSI I'm targeting. I will keep updating this idea regarding this particular move. Conclusion: A bullish move this week will cause volatility. So trade it carefully. In my prediction, I'm leaning towards a consolidation in the next two weeks before we can see the next big move upwards. As a long-term investor, do dollar-cost-averaging considering $42 as a bottom. The buying points are: (1) if we break above $62.20, (2) If we hit the ascending trend line (around $53), and (3) the horizontal support of $42.
NYSE:NIOLong
by TechNerdOmar
2
PLUG Power volume based analysis - 3 targets before 80$ and moreThis is a volume-based analysis on Plug Power PLUG. The stock went parabolic (again) and had an impulse wave for the 7 trading sessions and reached 73.90 as 52W highest high. PLUG stock has a lot of” buzz” at the moment and it’s just resting before another wave to 82$ at the end of it. Now the PLUG is giving some gains back and closed on 60.14, but this is far from over. So the volume shows that we have a lot more upside. Volume: PLUG 3 months Avg volume per session: 40.66M PLUG volume surge -the beginning of impulse wave (1.7): 100M PLUG volume peak -day of 52W (1.13): 142M According to the volume, I set 3 targets: Target 1: stock can retreat to the 52$ line, and then converge 52.5$-60$ (Accumulation). Target 2: Accumulation ends, stock rallies breakthrough 61$ to the 67$ line. Target 3: From 67.8$ to 72.5$ there is convergence again – the area needs to be tested. Target4: Break 74$ (h/h) and start a new cycle. The stock has a target price of 85$, and it can easily happen, considering these market conditions but I think the stock will start moving much slower above the 70$ line, buyers will become more hesitant and PLUG will need to “park” there for a while. All things considered, we are very bullish on the company and even 100$+ is achievable, all a question of how long you are willing to wait 😊 Happy Weekend stay safe.
NASDAQ:PLUGLong
by FDGT_academy
4
Will the current trend continue or pullback!How to use the DMI indicator to determine if the current trend will continue or pullback! The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.
NYSE:NIO
by GreenfieldAnalysis
3
Target Price Hit!Target price hit at around $58 With Double Top Pattern This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double top pattern too." On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to close at $54.28 as of the market close of January 7, 2021. On January 8, 2021, another bull gap in the morning open at $57.76 and quickly rushed to a high of the day at $59.31. The stock closed at $58.92 based on the market close of January 8, 2021, per Yahoo Finance. The charts above are available to compare the stock performance on January 7 & 8, 2021, to my first chart interpretation on January 6, 202. Discussion This concludes a go long trade 2 days pattern. That is around 15.41% of capital gain in 2 days. The stock of NIO Inc. with the symbol NIO also formed a double top pattern. This may be a go long continuation pattern or a bearish reversal pattern. That is for another discussion. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
NYSE:NIO
by GreenfieldAnalysis
NIO second wave is coming ? Well, at the first rush with NIO, I admit, I bought the stock twice, both of them I saw huge percents in couple days, so I sold it out. My biggest dream is that NIO will start their rush all over again, so I could handle like I know, and not run away when the profit is way too high. those days, I watch carfuly about NIO, witch I belive, didn't finished yet. As I see it now, we had 3 green days in a raw, with great gaps at the every opening, All of that happen after Fibonachi gave us the support at the second time! Last thing, when the electric cars stock going up, it's effect the all other stocks in this category. And I belive I do not need to tell you about TSLA stock. next day of trading I will place my posiotion, I want to take the ride up fromwhen it starts! This stock need to checkout once or twice a day, It's tricky position, but I belive it's definitely worth it . And, of course, limit command is must as always :) Trading this stock is by your own risk.
NYSE:NIOLong
by omer12345678
1
NIO, back with another one, strong 2020 finish still in progressWell guys, I dont think anyone saw that offering coming, as we say, anything can happen in the stock market! I've made some adjustments to the previous chart. We can see a clear break out of the falling wedge, and a nice move over the POC on the volume shelf. Green lines are support/resistance. Purple line indicates a pure bullish takeover. Huge spike friday possibly indicating big short positions being closed. We've completed the pullback(imo), and are ready for a fresh run. Catalyst: Biden in office with his new advisor, who is a Blackrock advisor( Own over 50 million Nio shares) Possible rollout of new sedan model New deal for 100 charging stations across china NIO day Upgrades to autonomous technology Possible update on robotaxi plans Risks: US-China tensions Any risks of delisting More share dilution Come join us for more charts like this, and live stock alerts and news: kick-assets.com/join/ Good luck all happy trading this week!!
NYSE:NIOLong
by king806
2