NIO, a discounted stock bound for inevitable growth!NIO has been performing quite well in terms of fundamentals this past quarter -- and price has started aligning to it.
NIO broke out of the weekly down trendline bouncing off major order block support at 7.0 to 8.0 levels. A significant reversal to the upside is inevitable.
On the weekly data (histogram), it has created a significant higher lows multiple times suggesting ascend momentum. Volume traded has jump to +10M from its average.
SEEDED long at 9.00
TAYOR.
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FUNDAMENTAL NEWS:
NIO Inc. Provides March and First Quarter 2023 Delivery Update
NIO delivered 10,378 vehicles in March 2023
NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year
Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023
N3IA trade ideas
NIO CONSILIDATION AND LAUNCH IMMINENTI'm expecting NEO to hit aroudn $10.50 then climbd to 12.00 at which point i am exiting call options and will re-enter shortly thereafter. Neo has is bouncing off the longest term trendline that exists which was created shortly after the IPO. Chgeck out my DOCUSIGN POST that could be a cow. Also I have January 30 Calls on NIO - check out the profitability if Nio and Tesla shift positive momentum.
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NIO, -54.71%falling cycle -54.71% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
$Nio decline losing momentum - Reversal Falling WedgeTaking another stab at Nio this time by looking at the monthly chart .... According to Investopedia a Falling Wedge "occurs when a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line."
The advantage of this pattern is that it is relatively easier to set a stop loss when momentum is declining.
Nio big buy opportunityNio broke the big downtrend and pullback. now i think trend turn the bullish. first target 13 $. Nio open new "neo house" in diffirent european countries. nio Nio Inc. delivered 31,041 vehicles in the first quarter, with 10,378 of those deliveries in March, it announced over the weekend.The quarterly delivery figure was up 21% from a year before it should be support to up trend.
NIO AnalysisPrice consolidated since my last analysis. Price previously left an equal lows at 8.03 behind and is now trapped between that and the clean highs at 9.70. Right now, it's unclear where price will move, but I'm expecting the equal lows to be taken with the intention of mitigating the bullish POI below.
$NIO - BEARISH Head & Shoulder $4.97 target w/ GAP at $4.88Nio has formed a major bearish head and shoulder pattern. The neckline has also been compromised signaling further downside. Price Target is the length of the head to the neckline, thus equating to a price objective to about $5 for the first target. There is a Also a gap at the 4.88 level too.
Possible H&SI took profits and I am waiting for next move.
Whats painting is H&S, so perhaps we'll go up in the morning and fall mid day to previous low at around 8.40, from there if the market bounce (high probability) we may go up again to 9.20 ish level.
I am not going to play big on this one.
Wait for NIO to double bottom to take this trade.
Good luck
NIO: CHART UPDATE / RSI CYCLES / MACDIVERGENCE / FULL BREAKDOWNDESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate.
POINTS:
1. Deviation of 2.50 Points between Supply & Demand Channels remains the same.
2. Current Trend: Sideways Consolidation
3. Price Prediction: 13 Points by March 31st & will serve as another attempt to breaking upper level of 14.50 Points.
4. TIMEFRAME for 5th CYCLE PREDICTION was drawn out by utilizing the mean average of the past 4, RSI agrees with these cycles of Buying & Selling Pressure.
IMPORTANT: RSI needs pullback & is EXTREMELY IMPORTANT Price Action holds above 9.50 Points or at the very least lingers above 9 Points in SUPPLY POCKET.
RSI: RSI has completed another cycle by reaching OVERSOLD TERRITORY in the 30 RANGE & is Breaking Trend.
MACD: Faster moving average on MACD has confirmed current uptrend on Price Action. Next step would be to see MACD flip & surpass Median level to the upside. (Most crucial indicator in this scenario)
SCENARIO #1: In a Bullish scenario Price Action holds above 9 Points or 9.50 preferably for some consolidation & follows cycle with an eventual break of 12 Points making way for a test at 14.50 Points.
SCENARIO #2: In a Bearish scenario Price Action deviates from cycle and decides to Break Down 8.50 Points which would be followed by a further continuation of next SUPPORT at 7 Points.
FULL CHART LINK: www.tradingview.com
NYSE:NIO