N3IA trade ideas
NIO FALLING WEDGE (VERY BULLISH) LONG TERM IDEA $$$As shown on the weekly chart, NIO has been creating a falling wedge from its peak since a year ago, and I believe it is nearing maturity now, with the consistent level of support close below the resistance, indicating a significant accumulation zone before NIO breaks open. This is a long-term investment that will be extremely profitable for those who would like some good returns, however only buy once it has broken open and shown a positive price movement.
NIO AnalysisPrice played out well according to my last analysis. Right now, price has filled the fair value gap at 18.29. I'm expecting a bullish retracement within this POI. However, with the current macro environment, do wait for confirmations on a lower timeframe if you decide to enter this reversal. I will wait for the lows at 16.54 to be taken first and wait for confirmations.
NIO - the final correction unfoldsI believe it's a zigzag correction (it may also be a start of an impulse wave, but then the "3" wave seems weaker than the initial move downwards, so I stick with the zigzag).
Also, I think the orthodox end of the final bullish impulse pattern was on Feb 10 (a truncation of the final impulse wave).
NIO breaking 448 day downtrend channel 🚀last chart of day from me, please drop boost and follow to show your support 💛
after so many failed breakouts, rejections and dumps to lows. Today NIO is finally breaking its bearish downtrend.
This is great news for longs, in my opinion we should see some nice upside move in the next few weeks/months now!
potential targets are 36-48-61
NIO: The rise to $80Good morning, no no, great morning all NIO investors.
Today we see that NIO finally broke that depressing ass Trend line and on its way up.
I have not been posting for a while because there has not been any updates really, but now that there is a break in the downwards trend, NIO is finally looking bullish on a larger scale.
This is not financial advice this is just what I see happening. What do you guys think?
Decisive Moment for NIONio is very close to breaking out of the long term downtrend from 69$. As you can see it has bounced with very high volume from the .618 Fib level. With great confidence, and also reclaimed the .382 fib (~19.55$). This is now a very strong support level. 24$ remains a target on which we have a confirmed upward trend reversal (from 69$). Again, this is to still be broken.
Indicators point out there is enough room on Daily to move forward with upward movement. No exhaustion shown on buying power, and also looks there is an upcoming squeeze to upside if it remains at these levels.
Fundamentally, Q2 earnings call was really a boost for confidence for many investors, the NVDA restrictions on certain chips will not hurt NIO in any way, confirmed by NIO. Also NIO is looking for other options longer term but this side-story can pretty much be closed as there is no impact whatsoever.
Morgan Stanley also says technically this stock is bottoming out, also ET5 has shown a humongous interest by buyers, people standing in line even to view the ET5 at NIO house + additional budget benefits if they locked in their order by 9th September. This is a great success.
Expect with upcoming catalysts, launch in Germany & Netherlands this will be a great final quarter of 2022. NIO Park should also be going ahead with the first preperations & executions of their ET5 model. Also NIO has been seen in the US with their ES8 NIO automomous driving capability.
Blue sky coming.
$NIO Short on Bearish Earnings -> on path to test $12$NIO Short Idea
We expect a bearish earnings release tomorrow. We believe that the support level near $15 will be tested this week and there will be enough selling pressure to continue lower and test the $12 level within the next month.
Our Foliko AI indicator, earnings power score, is demonstrating a large divergence with $NIO's recent price levels. When this pattern emerges near an earnings event, it does not support any expectations for positive earnings news.