SOLO - a 3 wheels fully electric and coming for NIO! So electrameccanica company has been here for a longggg time but not many people knew about it till today -what’s the story with the EV brand new MR bean compact looking car?
at 18.5k for a brand new full electric car with a 80 MPH per hour speed and battery of 17.3 kWh and most importantly so small you can park it anywhere.
remember the price is a key to reach consumers here and that is a part of the NIO craze !
so yeah it does kind of look funny but its very practical for urban city life and the company behind it actually knows very well what they are doing - this is why i believe SOLO is going to rock the EV market and push aside some older known brands.
the company has been around since 1959 in Italy by the founder Frank Reisner - a great car engineer but not a great business man in my eyes, he has made over 10 different car models and won several awards but never really got the company to the next level.
in 2016 the company built SOLO model as electric formula one race car and entered the NASDAQ at 2018.
Today the car is still unknown on most parts -never saw one in real life but this to me is the solution of "Smart" car combined with "Abarth" on the electric version and I believe that in this price and the current vast marketing budget the company is using the stock is way undervalued.
LET’S TALK TECHNICAL:
So the stock was trading below 3 broke out on fundamentals to 3.33 on the EV craze and haven’t looked back since.
New higher high of 3.92 on November 9th and there started a strong impulse wave that is not healthy for a stock with no substantial earnings yet- jumped to 4.97 and gave a gap to 5.28 - remember GAP MUST BE FILLED and that means stock will go back to "review" that price at some point.
from 5.27 to almost 8$ in 4 hours with a retracement to 6.43 and all based only on investors hype for EV market at the moment - which I am sure stock will revisit very soon when Biden gives his nomination speech.
we are currently in the end of a corrective wave and stock is expected to climb up to 6.5$ and give us one more correction to fill in the gap at 5$ and from there I really think stock will surge all the way to Q1 earnings in 2021 where they are expected to show some profits on paper.
As per now I am a strong buy and big believer in this stock and m=company behind it unlike many other new EV stocks popping out every day – these guys have been around for a long time and they have a finished product in their hands to show for.
Similarities between Xpeng and SOLO - just thought its worth mentioning the waves identical movements between the two:
Trade Safe and beware of the Hype – bubbles are meant to burst !
Leeroy
Niosignal
NIO - MAY SOMEONE JUST TRY AND STOP ME! sold 5000+ vehicles !Probably my favorite stock of 2020 ! Been trailing it since it was on 6$ and the Chinese Gov gave them fundings in mass in the beginnig of the year.
This EV cheap maker is not stopping in red ! no corrections no retracements ! when it corrects it corrects by the cent not by the dollar.
When the market fell in September NIO was not moved by much and that shows investors confidence in the stock since they were not running away to gold or crypto like everyone else.
This stock moved to heavy wehight by JP Morgan last month and has been skyrocketing since, and as i write this it broke 30$ today.
my stakes in this stock are very high and acc to company investment vs profabilty along with Chinese loyalty in car sales and orders, this stock is predicted by FDGT team to reach 50$ mark by late FEB.
We analyse the market with Fundamental and technical analysis combined on a theory called Market Cycle Based Analysis (MCBA), which relays on Elliot waves theory combined with market volume and fundamentals.
Trade safe !
HEAD AND SHOULDERS ON $NIO? DOWNSIDE OR UPSIDE TILL ER? LETS SEEA recap of todays bangin trade. What could happen in the future, and more!
Tesla Vs the strongest EV stocks - Who is ahead and by how much!in this chart we just wanted to simply compare between the electric vehicles leading stocks and see what conclusions we can draw.
We can see NIO ripping up the chart with 600+% and showing that government funding backed with actual product delivery increase is a winning combination.
Workhorse which signed a EV delivery truck deal of 8.1 billion with USPS has been delayed last week due to elections, took a big slump after a major peak last month and now at 470%.
The beloved Tesla with only 186% after reports of china competition in the EV market will not be in favor of the American company and the earning which Elon called "best ever" didn’t help - Tesla is losing momentum every day from its peaks since the EV competition is getting tighter and more crowded.
NKLA EV trucks are holding by a thread with the GM Motors deal that may not come through after all and in that case they are expected to crash and burn below the 18 line of support (see full cover in my previous idea on NKLA).
last we have the somewhat unknown XPEV (Xmotors) also Chinese EV stock that is starting to get some market buzz lately and may seem to fight back real soon after the Aug IPO and traded at 20$.
THE BOTTOM LINE is that all eyes are on elections and if Biden may win then EV stocks are expected to jump much higher as Biden represents green energy endorsement -the hottest stocks at the moment in the market are EV, solar and green energy in general and that’s where we the traders should be focusing on.
sorry about the lack of technical but in our eyes, you must first cover the fundamental in order to time perfectly your entry with technical.
Trade safe!
NIO LONG & SHORT SET UP (TRADE PLAN)Search Results
Featured snippet from the web
J.P. Morgan analyst Nick Lai upgraded the stock of Chinese electric-vehicle maker NIO to Buy from Hold on Wednesday, taking his price target all the way to $40 from $14.
That is double NIO's average price over the past month and nearly double where the stock was trading before the bullish call.
SHORT
TITLE : SELL NIO
ASSETS : STOCK
SYMBOL : NIO
ORDER TYPE : (EP1) Market (1/2) position size (partial low lot entry)
(EP2) SELL LIMIT ORDER (2/2) (Now enter rest of position)
TF : 2DAY
ENTRY PRICE 1: $29.00
ENTRY PRICE 2: $30.50
STOP LOSS : $32.00 (30 PIPs)
TAKE PROFIT 1- $26.00(30PIPs)
TAKE PROFIT 2- $23.00(60 PIPs)
STATUS : ACTIVE
LONG
TITLE : NIO BUY LIMIT
ASSETS : STOCK
SYMBOL : NIO
ORDER TYPE : (EP1) BUY LIMIT (1/2) position size (partial low lot entry)
(EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position)
TF : Week
ENTRY PRICE 1: $22.80
ENTRY PRICE 2: $20.80
STOP LOSS : $17.80 (50PIPS)
TAKE PROFIT 1- $27.80 (50PIPs)
TAKE PROFIT 2- $32.80 (100PIPs)
TAKE PROFIT 3-$37.80 (150 PIPs)
STATUS : PENDING
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 downside potential after another 7% stock dilutionNIO is gearing up to offer 75 million additional shares in order to raise additional funds.
NIO expects to raise around $1.4 billion through this offering.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NIO might breakoutIf NIO breaks to the top if this triangle at about $16.40 then we can see nio possible getting into the $18.00 - $20.00 range
DM me if you'd like to join a free trading group or have questions, we are just starting up and need some traders to help liven it up.
Nio Inc LONG📈NIO LONG D1
🛒BUY above = 13.7
🎯Target1 = 16.3
🎯Target2 = 21
🛑Stop loss = 10.5
🙈Risk = (2%-3%)
#NIO #NIOLONG #BUYNIO
NIO 2nd Half Scale in with wave (c) pullback As we booked partial profits on NIO, the current pullback into $7-$8 range is giving us the opportunity to scale in on 2nd half Longs.
NIOWith all gaps down and NIO way overbought on HTFs I wouldn't be surprised to see NIO dump. With all the stock markets look ready to start crashing down over the next few months NIO could easily hit the daily POC $3.94
