Nio LongSo it appears I was a bit off in my last call for nio. What I thought was the top, was really just the beginning of a larger move. As much as I would like to do some elaborate analysis, I think this is very simple. There is huge bullish momentum surrounding this stock. Huge.
I can see this going all the way up to 33 dollars.
On a more technical side, although we see crosses on the macd and an overbought Rsi, we have yet to see any divergence that would indicate a move downwards. I wish you all the best in this trade, and hope you can get in to make money. You'll hear from me again soon.
Niolong
NIO breakout of bull flagHigh conviction trade taken, Jan 15th $25 call options 21 contracts dollar cost averaged in.
Been monitoring news and social on NIO recently, had a Chinese fivver tranlsate hundreds of Weibo messages talking about NIO, will be posting my full high conviction trade analysis in the DumbMoney.tv discord channel: dumbmoney.tv you will find it in #high-conviction-trades and #nio later this week.
Been waiting these triangles play out, and entered on a dip that converted the last one from a symmetrical triangle to a downward channel / bull flag, which just broke out this morning.
Next NIO earnings is Nov 10th. They have done over 1 million battery swaps, and the social chatter in China is highly positive.
NIO Trade Update, Book Partial Profits Notice NIO has been quietly moving about +20% per day and our Leaps has gone deep ITM May 2020. I’m considering taking off some profits off the table as we approach wave (v) resistance at 27.50. On the longer term, we will still be holding on to our positions on NIO.
NIO remain bullish, updated price target of $24.18NIO recent trades mostly happened around $19, great bounce back from the support, we were shy of $1 from our last prediction.
Thur & Fri pullbacks are at the half volume of previous buying days, which is a very bullish sign.
Friday candle closed an inverted hammer, a trend reversal indicator, with this we may or may not see another pullback to retrace to fib 0.618 of $20.36.
Regardless we should see a very bullish run-up to the fib127 level again of $24.18.
NIO filled the gap. Now watch for a break outSupport is at 20.60, watch for a break out to go long, it can hit previous highs if it breaks out of its trend line or it can even go to $24. Filled this mornings gap up which was a break out of a daily resistance level around $21. Volume has also increased on this last 15 min candle so it may signal a reversal.
Nio is right on schedule for its next jump, if it stays course.Please press the like buttom or the follow button if you like these ideas, thanks!
NIO price target/end of october: $21
Evs, ah quite the market in 2020. Nio has had quite a year, lets examine the last 4 months with NIO.
Since June 30th Nio has been in a beautiful ascending channel, a closer examination of the trend will show that upon reaching highs, Nio has an extended period of consolidation, into a lower end of the channel, which leads to another rise towards the upper end of the channel.
Zone 1-39 candles.
Upon reaching the upper end of the channel (also resistance), we can see consolidation, and upon reaching the lower end (of ascending channel) we see a rise into zone 2(becomes support).
Zone 2 (theoretical) -26 candles.
Using the same metrics as zone 1 we saw a rise into the upper end of the channel, back into a consolidation range, this time , along support lines. Using zone 1 measurements, we can expect a consolidation into the lower end of the channel which would take it back into the upper end of the channel, also known as zone 3.
Zone 3 (theoretical) - 13 candles.
In this zone we reach said price target.
With aforementioned measurements used in previous zones (zone 1, zone 2) , We can see the price target of $21 by end of October. Bull case scenario on this pattern leaves us at $28 by end of October.
**Provided also are:
*Pink reversal zones (possible to signal reversal if falling out of ascending channel)
* gray area zones (possible for upside or downside)
*red breakdown zones (for price action that falls out of the bullish trend)
NIO looks to make new all time high! The 2020 hype expecting!Depending on the data, expecting that NIO will make a new all time high 22 usd +
Read more about the businessmodel - the electric car sell data. this company done great, and expecting a huge breakout soon.
Can this business also breakdown?
Sure, noting is 100% and we cant see the future, the only thing we do are expecting depending on news, trends, and the basic TA.
Have good time all! -- and maybe see you at all time high soon!
# if you did like this post, pleas give it a like, and follow for more trends.
Thank you!
NIO looks to breakout the all time high 22+ ! the next tesla?Depending on new chart study, it looks that NIO can breakout the all time high soon.
i expect depending on sells data of this company, and more trends, that this company can become huge.
What do i expect?
I expect a price above 22 usd + with new all time high
Can it also breakdown?
Yes sure, nobody know the future. but depending on expecting, add this update for long.
Have good time all!
If you like my post like it and follow for more updates.
Thank you!
Jump on the NIO train before the next departureSpike down in NIO represents good short term entry point before the next leg up of this fantastic company. www.nio.com
Trade Idea: Place buy orders all the way from $18.50 to $17 in increments of $0.10. If the $17 support level does not hold, next level of support is $14. Leave some cash behind from the $18.50 to $17 buy orders and use it to buy down the $17-$14 range if the price enters that range. Otherwise, the cash left behind can be used to average up if it breaks through the $20.50 resistance level.
NIO Pattern BreakoutI drew the chart last week. Have been waiting for a breakout and volume confirmation. I've only been trading for 5 months so I'm still new to using TA but I would like to get input and ideas from others. If any of you guys have TikTok, I started posting stock related content and my journey through the stock world. NYSE:NIO
NIO (Current Chart) - Bull or Bear?Everyone's been talking about $NIO for the past 18 months.... first, it was China's Tesla... second, it was going to go bankrupt... now, everyone is bullish on the stock again.
It's been on a tear of late! I love the company, love the tech, love the CEO... and currently loving the stock. That can change in a jiffy of course but let's enjoy this moment =D