NIO/N trade ideas
NIO - POSSIBLE TRADEHello there,
As you can see in the chart NIO is approaching the 0.618 Fib level, and a previous support around 26$
We will enter this trade once NIO touched the 0.618 Fib level and bounce and we will ride all the way up.
Our SL will be breaking this level.
Our Target: Sky is the limit.
Cheers.
Nio Stock In DangerNio is making IMPULSIVE move in downward direction indicating of strong downward trend and is looking more than likely to break 30$ support and flush down to even Gap No. 1 then up until Major Support Nio can slide down.
This is also coupled with how chinese stocks are being threatened and US Investors are losing their faith in some Chinese stock and even Alibaba stock hasn't found it's bottom.
That is why, Trade Safely and enjoy this educational Idea about Nio.
Nio : Support and Resistance Analysis. This is a basic analysis based on recent support and resistance levels.
Nio is making IMPULSIVE moves in downside direction
and for short term it MIGHT bounce to whatever level it CAN but IF IT BOUNCED then highly likely it would be getting rejected from its Recent levels which is 34-35$.
As I said in my previous long term analysis for Nio, I used different Perspective and still could not find evidence regarding bullish case for Nio.
So, Nio is looking very bearish for foreseeable future and Please note This analysis is not intended for Short term movements .
Also, I could very well be wrong. Thus, Trade safely and I hope you would like this educational idea about Nio.
Nio looking to bounce to resistance levels from supportNio is at strong support zone.
Nio might be boucning back to 34.7 as min TP and then 36/37$ for short term here.
If Nio breaks yesterday's low then it would be better to close long positions as proability of Nio breaking support will increase.
Thus a tight stop loss at around 29.5 would be better while taking such position.
Trade safe, Enjoy.
NIO under attack. NIO is under attack from several sides. I see it falling to a new LOW (mid 20's) after NIO day, if it even gets to go up by NIO Day.
1. China FUD & delisting fears.
2. Inconsistent monthly productions and lower than expected sales due to high priced vehicles. "Production of an economically affordable vehicle can boost sales."
3. Paid influencers like jim cramer spread more fear and cause more exists from the stock and lower newer investors.
4. Inflation fears.
5. USA China relationship.
These are all driving the stock down. Most problems will ease if a new model that is economically affordable and with the chip shortage easing in 2022.
Long term falling wedge is forming and we can see a break out after the 1st Qtr of 2022. "Maybe".
make it or break it area on NIO 🚨nio starting to look like it may be in a longterm downtrend channel especially if this support at 30 fails to hold.
price targets on smaller timeframe if support breaks: 30.47-25.87.21.25, If we bounce off support we can go to 38.
goodluck! like and follow for more 💘
Chinese 'Tesla' is going to explode!NIO inc. a Chinese electromotive company is about to grow immensely. It almost finished its correction since january 2021.
Best opportuniny to long term invest after squeezing this trendline and breaking it.
The price should go to at least all time high price.
NIO capitalization at the moment (November 10, 2021) is 67 bil, there's plenty of room to make x10 at least!
Chinese 'Tesla' NIO failed to break through and is very weakChinese 'Tesla' NIO failed to break through.
I was expecting NIO to break the trendline and to explode to new all time high, but it failed.
At the moment there is a chance to complete an 'M pattern, probably take short SL hunt and touch a trendline one again, but the momentum is weak, price is about to crash down.
The very least and bullish option what I expect is it makes double bottom and continues its range during next 3-6 months.
The worst scenario is it collapses down to $16-17, accumulates much more money in that area and then continues its healthy long term grow.
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)