0A54 trade ideas
NIU Setting up for Another BreakoutAfter growing from $20 to $50 in less than two weeks, Niu has been consolidating and is ready for a breakout. Niu Tech is setting up to fall a little bit soon, but once it hits that support level, it could end up shooting up again, possibly to $70-$80. Look to get in once it starts to pull out of that support range. Good Luck!
$NIO #NIO Trading at Bottom of Range: STRONG BUYNIO is on the low end of its trajectory and is currently a strong buy. Even plotting along at the bottom of this trajectory puts them at $100 per share by August...
$NIU Consolidating around 50 MATested $26 level 4 times and been moving sideways around its 50 MA for about a month. A break of the down slopping trendline should signal the start of the next leg higher.
NIULet's see if this one can make it to the top of the pitchfork....
I hope Santa comes this year.....; ))
LONGNIU (Niu Technologies) ...we have taken a long position yesterday since on a weekly basis, we can see that the support for 26 is holding.
Buy the pullback of NIU below 27Reasons to buy from simple analysis :
1. Flip zone with key structures.
2. Model valuation around 25 based on a research report.
Some news I grabbed from the internet :
Niu, which had previously reported better-than-expected sales volumes for the third quarter, said that revenue in the period rose 36.7% to $135.8 million, well below analyst estimates at $149.3 million. Units sold were up 68% to 250,000, but revenue growth was slower since much of the increase came from the recently introduced lower-priced G0 model. The G0 rollout also led gross margin to fall from 22.2% in the year-ago quarter to 20.9%, but sales and marketing expenses fell in the period, helping the company gain leverage on operating expenses.
Stories I heard from my colleague today :
My colleague passed a flagship store of Niu technology yesterday evening, guess what, full of clients, super crowded. So I perceive this as a positive buy signal.
NIU reversal longNASDAQ:NIU
NIU reversal long
enter 31.20
stop 30.61
target1 = 31.80
target2 = 32.10
target3 = 32.39
Wait for the discount, do not chase high price It is correcting now after a superb 300% rise this year !
Wait for it at support level 25.72, see if there is bullish signs before initiating a long position.
NIU Cup & HandleA new cup and saucer forming on NIU before earnings on Nnov 24.
Good time to get in with caution
$NIU 1 Month #Rectangle #ChartPatternOne of the stocks I am watching closely in the next few days. A breakout from the 1 month rectangle consolidation will sent the stock into ATHs and into uncharted territories.
NIU:NASDAQ - NIU - Award Winning Electric Scooter ManufacturerNice pop on NIU yesterday rising 11% with the strength of the wider market. If you have ever travelled through Europe or Asia, scooters are EVERYWHERE and much more practical in those inner city type areas than cars which are slowly being forced out of CBDs world wide due to congestion. Could be worth a watch.
Bearish divergence - lots of gapsRSI divergence seems to always pick the reversals, but so easy to be early on them for a long time.
Chart Notes:
- gaps on the way up
- big volume sell candle on first day of divergence / possible trend reversal
- 85/81 RSI level divergence, would prefer to see 90/80
- big green fomo buy candle nearing the top
NIU - Descending TriangleNIU seems to be forming a descending triangle after a massive run up. Might be time for a healthy pullback in the coming days/weeks.
