NIO/N trade ideas
NIO (log scale)NIO is starting to move upward after forming an ending diagonal. This is likely a larger trend continuation and the wave 5 could extend to new highs.
NIO to SMA50, at 8.5NIO is a stock that is recuperation after too many weeks going down.
I think it could go to $8.5 or even $8.6.
The perfect moment to enter is right now. But I'm going to be updating.
Always using a stop loss SL, that can stay at 7.35
NIO finally set to break its awful form?Now that the bearish OB has been mitigated after a move up from the previous OB, I expect an uptrend for the coming period!
NIO: Buy ideaBuy idea on NIO as you see on the chart because we have the breakout of the vwap.Thanks!
Nio going bullish Beside nio reports with negative news it seems to have a bullish trend occurring needs to pass 9.74 to be safe 10 dollars before running to 14 then 22
NIO Rejected on 1W Order BlockWe can see a clear rejection on the 1W chart for NIO. On the 4H, NIO has just choched. Stoploss should be placed below the order block, aiming for the last top.
Falling Wedge Pattern Spotted on $NIOPotential Bullish Reversal: Falling Wedge Pattern Spotted on NYSE:NIO
Greetings, fellow traders! Today, I bring your attention to an exciting technical pattern that has emerged on the stock of NIO Inc. ( NYSE:NIO ). A falling wedge pattern is forming, indicating a potential bullish reversal on the horizon. Let's delve into the details!
📈 Ticker: NYSE:NIO
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. It typically occurs during a downtrend and signifies a potential reversal. This pattern suggests a decrease in selling pressure, with buyers potentially taking control and driving the price higher.
🔍 Identifying the Falling Wedge on NYSE:NIO :
Upon analyzing the daily chart of NYSE:NIO , the following observations come to light:
1️⃣ The stock has experienced a recent downtrend, with lower highs and lower lows.
2️⃣ Two converging trendlines can be drawn, with the upper trendline connecting the lower highs and the lower trendline connecting the lower lows.
3️⃣ Decreasing trading volume as the pattern unfolds, indicating a potential decline in selling pressure.
📈 Price Targets and Potential Trading Strategy:
Should the falling wedge pattern on NYSE:NIO play out as expected, a bullish breakout above the upper trendline could trigger a reversal and potential upward movement. Consider the following price targets:
1️⃣ Target 1: Resistance level near $50.00
2️⃣ Target 2: Psychological resistance near $55.00
🛡️ Risk Management:
Proper risk management is crucial when implementing any trading strategy. Employ the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unforeseen price fluctuations.
2️⃣ Adjust position size in accordance with your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on NIO Inc. ( NYSE:NIO ) as it continues to develop this falling wedge pattern. The formation suggests a potential bullish reversal in the near future. However, bear in mind that technical analysis has its limitations, and market conditions can swiftly change. Consider integrating this analysis with other pertinent factors before making trading decisions.
Disclaimer: This post serves for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult a qualified financial professional before making investment decisions.
Happy Trading! 📈💰
#TechnicalAnalysis #FallingWedgePattern #NIO #BullishReversal #TradingView
Long THatHeads up, if it gives the little (5), i would advise buying a pullback.
Little 4 of an ending diag got destroyed. Its one of the signals that the reversal is happening, lets wait for more
-Motive wave
-Full retracement to the beggining of a diag.
NIO: Buy ideaOn NIO as you see on the chart we have the breakout with force the resistance line so it's mean that we will have a big probability to have an uptrend.Thanks!
NIOWedge break on exploding volume, in oversold conditions gapping above 50SMA. pt1 is 10% away if market gets legs watch this closely
NIO AnalysisPrice playing out nicely as analyzed last week, giving us a +14.23% move to the upside. No changes to my original expectations, expecting price to continue higher into the fair value gap at 9.45 next.
NIO: Buy ideaOn NIO as you see on the chart we will have a big probability to have an uptrend because we have the breakout of the vwap indicator...! Thanks!
NIO weekly chart Last closed candle is long leg doji near the end of falling wedge. Next close candle will determine price breaking up or down. From what I see, I see price up have a higher percentage combine with the RSI now.
NIO-BULLISH SCENARIOOn June 9, Nio (NIO -0.77%) released its earnings report for the first quarter. The Chinese electric vehicle (EV) manufacturer experienced an 8% year-over-year increase in revenue, amounting to approximately $1.55 billion in USD, falling short of analysts' expectations by $80 million. Meanwhile, its adjusted net loss more than tripled to $604 million. Despite this, Nio managed to surpass consensus forecasts by reporting an adjusted loss of $0.36 per American depositary share.
Although these figures present a mixed picture, Nio's stock price remained relatively unchanged following the report and continues to hover around 90% below its peak value reached in February 2021.
Back in 2016, Nio gained considerable attention with its E9 electric supercar. However, the company did not proceed with mass production of the striking $1.2 million vehicle. Instead, it currently focuses on selling a diverse range of electric SUVs and sedans.
Nio sets itself apart from competitors through its network of battery swapping stations, allowing drivers to swiftly exchange depleted batteries for fully charged ones. The company charges a monthly subscription fee for its "Power Swap" service and provides discounts on vehicle purchases to customers who subscribe during the initial transaction.
Over the past five years, Nio has significantly increased its delivery volume. However, in 2022, the company faced challenges due to intermittent COVID-related lockdowns in China, disruptions in the supply chain, and adverse weather conditions in specific regions.
The next price target is located at $ 10
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up or down?hello
after complete break out and pulback to the trendline you can open your orders
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i.wish NIO cross below $6"Nio said it delivered 31,041 vehicles in the first quarter, up by 20.5% year-on-year. Another U.S.-listed Chinese electric car brand, Li Auto, saw first quarter deliveries jump by more than 60% to more than 52,000 vehicles. BYD remains by far the dominant market player in China. It sold 264,647 purely battery-powered passenger cars in the first three months of the year, up more than 80% from a year ago. Hybrid passenger vehicle sales doubled from a year ago to 283,270 in the first quarter.
In the last two years, Nio began deliveries to European countries such as Norway and Germany.
When asked about U.S. market, NIO's CEO said the company was proceeding with its plans. “But we know challenges will certainly be greater and greater,”
NIO Options Ahead of EarningsIf you haven`t bought NIO here:
Then Analyzing the options chain of NIO prior to the earnings report this week,
I would consider purchasing the 8usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BUY NIO BUY EARNINGS CALLSStarted a 5 year long position today will attempt to enter full position below $10. Today I entered large earnings gamble on call options.
NIO longs for an earnings playNIO has earnings coming up at a good time when the China ecomony is recovering from
the lockdown and holding interest rates down to support economic expansion. NIO is also very
busy selling their EVs in Scandinavia. On the one-hour chart, NIO has risen above the demand/
support zone and seems to be retracing the recent downtrend. The indicator shows momentum
and RSI to have crossed the 50 line but money flow is lagging. Volume is picking up in the last
few weeks and price has now crossed over the POC line of the volume profile as another sign
of bullish buying pressure and dominance. I will trade a long trade in NIO now before the
earnings expecting good price action and volatility will yield decent profit in the trade.
The stop loss will be below the support zone and the first TP at $8.00 being the top of the
high volume area of the profile while the 2nd TP will be $8.50 and final at $9.00.
NIO Stock: Is a Spring Reversal Imminent?I had been shorting NIO stock due to the very apparent downtrend as portrayed by the 50 and 100 EMA. However, I noticed that the swings from high to low were getting narrower, signaling a loss in momentum. Throwing some zones on the chart, you can see a small trading range has formed.
I compared the Wyckoff accumulation schematic to the NIO chart. The schematic calls for hard selling followed by strong buying and consolidation. In NIO, there was hard selling in March and May, with strong volume. This indicates that there were large interests selling their shares during this time.
However, in November 2022, we saw a selling climax with strong volume. This was followed by a bounce in price called the automatic reaction (AR). This bounce is likely due to institutional investors buying up the supply. The secondary test, which occurred on expectedly lower volume, further supports this theory.
The millionaire-making question is whether we have seen an ST in phase B. If we have not, it is likely that the trend will continue lower to the sub-$5 range. However, if we have seen an ST, it is likely that we are seeing a spring. A spring is a shakeout before institutional investors decide to take the stock higher.
I think it is important to note the increase in volume during the month of May when the spring started. High volume during a spring suggests that big money is scooping shares for cheap. I believe that this is the perfect time for institutional investors to swoop in and use earnings as an excuse to push the stock higher.
What are your thoughts?
NIO Limited (NIO)Shares in NIO limited (symbol ‘NIO’) have been trading in a declining channel throughout the first quarter of 2023. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 9th of June before market open. The consensus EPS is $-0,22 compared to the result for the same quarter last year of $-0,18.
‘The expectations of the negative EPS only makes sense since the company is yet to be profitable. Investors will want to watch for updates on the company’s global expansion. Nio has a relatively large portion of the Chinese market but is facing increasing domestic competition, although in mid May Ford announced that they will be scaling down their EV operations in China which is considered welcome news for NIO. This has the company planning to expand further into Europe while any positive news about this expansion could also be beneficial to NIO stock.‘ said Antreas Themistokleous, an analyst at Exness
On the technical side the price has been trading in a declining channel for the first quarter of the year with the last retest happening last week where the price found sufficient resistance around the $8,50 price area where was the upper band of the Bollinger bands, the 50 day SMA and also the upper boundary of the channel.
The 50 SMA is still trading well below the 100 SMA indicating that the bearish momentum is still in effect while the Stochastic oscillator is close to the extreme oversold levels and possibly signaling a correction might be visible in the coming sessions. This might take some time to happen though since volatility is kind of slowed down as we can see a contraction of the Bollinger bands close to its 20 SMA line.
