NIO - Buy Target Hit Today Its been a long time coming but today NIO has hit my buy point after a long and devastating bear market.
And its no impossible that this bear market could continue down and down but today it has hit a significant Support @$5.65 and the 0.618 retracement @ $5.55.
So far today it is printing a hammer on the day chart and although that can be considered to be an automatic rally, I think it is more of a shakeout selling climax and should at least see a bounce or it may be the market bottom.
Also its worth noting that this chart has tight fibs; the top was a perfect two pivot 1.618 extension and so perhaps the 0.618 will capture the low.
However despite the hammer candle printing today, this is effectively catching a falling knife and so its not without significant risk.
On the 2 week chart, in the last half year the RSI has been spending most time in the second quadrant and I think thats a clue that a significant bounce is coming.
In the new breed EV (Electric Vehicle) section I prefer "..." to this because it hit a 2.272 extension rather than a retracement ratio and so I think that is more solid fib.
That said there is nothing in new breed EV that isn't very dicey.
So I have made an initial entry - not betting the farm.
Will look for more clues as this continues.
Not advice
NIO trade ideas
NIO - What now after loss?NIO hit the first TP of our trade set up and then violently reversed. We had a SL at 6.99 that got triggered and we took a loss for the rest of the position.
Although we took a loss, we can see how well our levels were respected, and why a SL at 6.99 was key. As soon as we fell below 6.99 we proceeded to fall another +10%, and now we sit at 6.34.
There is no trade set up as of yet, nothing in terms of the technical analysis we preach is suggesting we might reverse. However, this is an idea:
I KNOW IT'S NOT A FORMAL HARMONIC. But the fib extensions line up perfectly and 5.8-5.6$ is a massive area of support - as shown below:
So our plan is to wait and see what we do, it is possible that we spring back above $7, if that happens we will reassess and potentially open a trade there. The more likely event is that we move around between 6-7 dollars for a bit before reaching our 5.8-5.6 pocket where we could react at the 1.618 extension and bounce to $7 which is already a 22% move and a potential entry.
Stay tuned as another opportunity will arise, but it could take a while. BABA is an identical example where we fell below 78 (our stop loss) headed to 70, then back to 78 and now at 69. We stated that we would reconsider if we spring back above 78 (failed) or reach the 60 support (on the way).
It's not been the best of markets so far but we will be ready for the next opportunity with an strong mindset.
NIO Long on Disappointing EarningsNIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO
did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers.
On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator
confirms that NIO is in oversold undervalued territory. NIO is at the bottom of the high volume
area of the profile and has been trending down with the first lower VWAP line as resistance.
I see NIO as likely to trend up as the China economy improves and for that to be reflected
in the next earnings report. NIO's innovative battery swapping program where the car owner
buys a car without a battery and is able to swap out an energy depleted battery for a freshly
charged one in 3 minutes at any of the NIO owned battery stations as a way for NIO
to excel no matter competition from the others in China including TSLA. NIO is now selling
cars in Scandinavia which should serve as steeping stone to further expansion in Europe.
NIO: The Chinese Electric Vehicle Company Taking on Tesla This is one of my favorite Leap Options positions for 2024 and let me tell you why....
In the Chinese electric vehicle market, there exists a formidable contender that stands toe-to-toe with the mighty Tesla ( Ok a bit exaggerating but you get the gist) . This company, known as NIO, has been turning heads in the industry with its innovative technology and luxurious designs.
Founded in 2014, NIO has quickly established itself as a major player in the Chinese EV market. With a focus on high-performance electric vehicles, NIO has set itself apart from the competition by offering a range of cutting-edge features, such as battery-swapping technology and a sleek, modern design aesthetic.
In terms of sales, NIO has been steadily closing the gap with Tesla in China. In 2023, NIO delivered over 120,000 vehicles, a significant increase from the previous year. This growth can be attributed to the company's expanding product line, which now includes the ES8, ES6, EC6, and ET7 models.
One of the key factors that has contributed to NIO's success is its commitment to customer service. The company has established a network of NIO Houses and NIO Spaces, which serve as exclusive clubs and showrooms for its customers. Additionally, NIO has developed a strong online community through its NIO App, which allows users to connect with one another and share their experiences.
While Tesla continues to be a dominant force in the global EV market, NIO is proving to be a worthy competitor in China. With its innovative technology, luxurious designs, and commitment to customer service, NIO is well-positioned to continue its rapid growth and challenge Tesla's position in the Chinese market.
The Technicals: NYSE:NIO reached a major support level at $5.60 enduring the bear market and we are in good position for a major upside at this discounted level. Ready set GO!
for bakiThe rsi is low and near where you would expect a bounce but its still pointing down. The wix indicator is near its range low and turning from downward to flat then hopefully upwards but we will wait for a green dot with confirmation of rsi at 30% ish. MAx 1.5dollar loss compared to 100s% gains its a good bet.
NIO BACK TO 10 BY 2025 !!NIO’s stock has potential for growth in the coming years due to several factors:
Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1.
Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per annum respectively2.
Competitive Positioning: NIO is a significant player in the electric vehicle market, which is expected to grow rapidly in the coming years. It has been able to position itself as a strong competitor, even causing disruptions for established players like Tesla
Nio's Uphill Battle: Losses Mount Amidst Intense EV CompetitionNio Inc., ( NYSE:NIO ) once hailed as a trailblazer in China's electric vehicle (EV) market, faces mounting challenges as it grapples with widening losses amidst fierce competition. Despite strong delivery numbers and revenue beats, the company's annual deficit has expanded, reflecting the intensifying battle for supremacy in the world's largest EV market.
Navigating Financial Turbulence:
Nio's ( NYSE:NIO ) latest financial report paints a sobering picture, with the company reporting a staggering annual loss of $2.9 billion in 2023. Despite posting sales that exceeded expectations, Nio's net loss widened, highlighting the uphill struggle the company faces in turning a profit amidst fierce competition and rising operational costs.
Strategic Shifts and Product Innovation:
In response to mounting losses, Nio's management has outlined a series of strategic initiatives aimed at shoring up its financial position and bolstering its competitive edge. These include prioritizing business objectives, enhancing system capabilities, and optimizing cost management. Additionally, the company is exploring the launch of a mass-market brand to broaden its product portfolio and compete more effectively with rivals like Tesla Inc.
Challenges and Opportunities:
Despite facing headwinds, Nio ( NYSE:NIO ) remains optimistic about its future prospects, leveraging its technological prowess and innovative solutions to drive growth. The company's aggressive promotion of battery-swap technologies and strategic partnerships with key players in the industry underscore its commitment to staying ahead of the curve and addressing consumer concerns about range and charging times.
Investor Confidence and Market Outlook:
Nio's struggles have not gone unnoticed by investors, with the company's US-listed shares experiencing a significant decline this year. However, there are signs of resilience as the company continues to attract strategic investments and forge partnerships to support its growth initiatives. Analysts remain cautiously optimistic about Nio's long-term prospects, emphasizing the importance of prudent financial management and product innovation in navigating the evolving EV landscape.
Conclusion:
In conclusion, Nio's journey underscores the inherent challenges and opportunities in the rapidly evolving EV market. While the company faces significant headwinds, its commitment to innovation and strategic partnerships positions it well for future growth.
NIO; From pain to pleasures Technicals
Within depression zone (market cycles)
Weekly RSI bullish divergence
At major Support level
Financial Risks and Solvency:
NIO Inc. has shown significant growth in revenues, with total revenues reaching RMB19,066.6 million (US$2,613.3 million) in the third quarter of 2023, marking a 46.6% increase from the third quarter of 2022 and a 117.4% increase from the second quarter of 2023. However, the company has also been facing financial risks, primarily due to its net losses and the capital-intensive nature of the electric vehicle (EV) industry. The net loss widened to RMB4,556.7 million (US$624.6 million) in the third quarter of 2023, indicating significant spending on research, development, and expansion.
Market Stability:
NIO operates in the highly competitive and rapidly evolving EV market, which is subject to regulatory changes, technological advancements, and shifts in consumer preferences. While the growing global demand for EVs presents a substantial opportunity, market stability is affected by factors such as supply chain disruptions, competition from both established automakers and new entrants, and geopolitical tensions that could impact material costs and international operations.
Bullish Fundamentals:
Market Position and Growth: NIO has established a strong position in the Chinese EV market, one of the largest in the world, and is expanding internationally.
Innovation and Product Expansion: The company is known for its innovative battery-swapping technology, high-performance vehicles, and expanding product lineup, which could drive future sales.
Brand and Community: NIO has successfully built a premium brand and a loyal customer community, enhancing customer retention and attracting new buyers.
Bearish Fundamentals:
Continued Losses: Despite revenue growth, NIO continues to report significant losses, raising concerns about its path to profitability.
Capital Intensity: The EV industry requires substantial capital for R&D, manufacturing, and infrastructure, which could strain NIO's financial resources.
Competition: Intense competition from both domestic and international players could impact NIO's market share and pricing power.
Financials:
NIO's financial performance shows robust revenue growth but also significant losses and spending. The company's ability to manage costs, improve gross margins, and achieve economies of scale will be critical for its financial health. Investors should monitor key financial metrics such as revenue growth, gross margin, operating expenses, and cash flow.
Conclusion:
Investing in NIO Inc. presents a high-risk, high-reward scenario. The company operates in a growing market with strong demand for EVs and has demonstrated the ability to innovate and expand its product offerings. However, its continued losses, high capital expenditures, and intense competition pose significant risks. Investors should weigh NIO's growth potential against these challenges and consider the company's long-term strategy, market conditions, and industry trends before investing.
Long NIO Super BullishNYSE:NIO one of the hottest EV stocks on the market has bottomed and looking to make an uphill clime. One of the best opportunities in the market for a leap options calls this year. Gear up for a rocket ship ride to the rise of EV in the chines markets with NIO being a competitor to TESLA!
Nio Wedge BreakoutNio broke out of a descending wedge pattern this past week. The daily MACD histogram has swung back to positive, and has some room to get to a zero line reset or potentially start a larger upside move.
The initial measured target of the wedge breakout would be in the ~ 7.4-7.5 range, which represents a ~ 2.7:1 RR at Fridays close.
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NIO has been overall bearish, trading within the falling wedge pattern in red.
Currently, NIO is hovering around the lower bound of the wedge acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at 5.0 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
📚 As per my trading style:
As #NIO is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
how to use Fibonacci to stop a falling knife (JBLU / NIO)This is a technique I use to figure out where a stock that is falling hard may stop. In many cases, people fail to realize how much further a stock can actually fall, especially when it seems like it is already beaten up. JBLU and NIO are perfect examples, and Fibs can tell you exactly where to go long, or at lest, where to start watching for a safe long entry.
I'd like to hear about what you know about this technique and if you find some stocks that fit the bill, post in the comments and share. Thanks!