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NIO Inc

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NIO/N trade ideas

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 :)
NYSE:NIOShort
by poplach
5
NIO buy the rumor, sell the news for NIO Day.Delisting fears, productions and deliveries issues all prevented NIO from running to ATH's this year along with all Chinese ADRs. However, with production ramping up and good December deliveries we can see a new Uptrend. I think post NIO day will see a heavy pull back due to tax harvesting, as those who made gains and bought back in and held throughout the year will see to avoid taxes on their gains. Let's see what happens. Best of luck to all.
NYSE:NIOLong
by Gus-On
1
NYSE: NIO - LongTaking into consideration external factors such as Nio's continuously increasing production and sales numbers; I am very bullish on their price action for the coming months. Nio's daily chart is forming a beautiful descending triangle and I am currently anticipating a bullish impulsive movement to the upside. Price is currently sitting in a key demand zone coincided with a bullish convergence on MACD; this leaves me very bullish on calling bottom on this future stud of a stock. Long NIO at current prices Stop Loss just below $30. This is a long term position. Not Financial Advice.
NYSE:NIOLong
by EasyMoneySniper81