NIO trade ideas
NIO 6/16/2022NIO Daily chart analysis
Enter the matrix, this NIO is not the “one”.
NIO had its fun moving upwards. The Uptrend started Jun.’20 at around 4.00 and continued moving upwards reaching 55.00 by Nov.’20 all while respecting the 50ema.
By Dec.’20, price made a sharp drop and fell to 39. It was caught by 50ema where it rebounded, and price broke out and moved above 55 to all time highs.
Unfortunately, price was unable to hold the breakout and on Feb’21, it fell back below 55 and closed below the 50ema. This deemed the breakout move a “false breakout” and close below 50ema signaled the possible end of the uptrend.
After closing below 50ema, price fell to 34 where it found support. It bounced back above 50ema and retested 55 but failed to make a higher high. Price was shot back down to support at 34.
Price has officially lost the uptrend and has entered a sideways market between 34-55.
After landing at support area of 34, price makes a move upwards but fails and now makes lower high. We now see buyer weakness with lower highs into support area at 34.
Dec.’21, price breaks down from support at 34 and sideways range can now be labeled a Distribution stage.
Price now looks to start Downtrend.
We also see a Death cross with 50ema crossing under 200ema. This signals the bearish conditions in the market
Jan.’22 price enters downtrend and moves from 34 to 13 all while respecting the 50ema.
We then have a pullback to the 50ema which is acting as Dynamic resistance.
To go along with this pullback, we have an overbought Stochastic signal. This was cue to enter trade short.
After that short entry, price proceeds to move down to 11.72.
It has since pulled back to Dynamic Resistance and its currently where we find ourselves.
We also have an overbought Stochastic signal. This is my cue to enter trade short
Confirmed Downtrend + Pullback to resistance + Overbought stochastic = Short entry
Entering trade short
Entry: 19.18
Stop Loss: 22.78
Target: 11.78, +39.06%, 2.19 RR ratio
NIO BULLISH SCENARIOHey everyone. This is my first time doing any TA at all so I am open to any and all advice
It looks like Nio has filled its previous gap and bounced off of support at $20.52. If this support is held today, Then I believe we will see an upward movement towards $23.96 with a price target of $26.22
NIO - Adam & Eve bullish breakupAdam and Eve (A&E) is a kind of "double bottom" pattern, a potentially bullish reversal signal.
NIO broke out of the A&E patten today on a strong gap, increasing it's odds that the trend has reversed (to the upside) and is likely to follow thru in the medium term. Near term pullback possible (and could present opportunity to long at lower risk) but unlikely to close this gap soon.
Expect some consolidation as it hit into resistences on the way up.
Theoretical target for such a pattern is around $32. Let's see if it will work out (manage positions with trailing stops).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NIO- Setting up to rally? **UPDATE**on June 22 I posted "closed positions around $17.50 since at that time I wasn't seeing the bottom. Now we're at $22. Wanted to see what this community was thinking in regards to this running down to fill the lower gap and then a rally to fill in the upper gap?"
Today I wanted to revisit this after some thought and figured Id ask you all for your thoughts. Rather than telling me that I don't know what I'm doing, Id much rater recieve real constructive feedback since I am still very new to this.
Im seeing an Inverse Head and Shoulders pattern setting up out to end of August but for the near term July, Im still seeing the Ascending Triangle. According to the Ascending Triangle, it broke my resistance line on Friday.
Im Bullish on NIO long term
Again- Im still new at charting, so would appreciate any help or feedback on what I may be doing correctly, to incorrectly.
NIO- Setting up to rally?I closed positions around $17.50 since at that time I wasn't seeing the bottom. Now we're at $22. Wanted to see what this community was thinking in regards to this running down to fill the lower gap and then a rally to fill in the upper gap?
Nio slight pullback into rally First time doing any sort of technicals but i believe we have a falling wedge in this channel we're in now which will lead into a test of $25
Please leave any ideas below and any critism im open to learn
Short Idea On NIONIO has some resistance around 25-27 and a descending triangle. I opened some bear call spreads on Friday and looking to add more on any green days. Not financial advice.
Let me know your thoughts!
make or break it time! 🙌very nice rally since we identified trend resistance turned into support at 13-14 level! :)
now on the verge of breaking longterm bearish channel, if it can breakout a rally to 36.5-48.9-61+ is possible, but we must wait for confirmation!
dont forget to like n follow if you enjoy my work, thank you :)
nio looking to runhot sector in chinese stocks which seem to be breaking out nio looks extremely bullish with these three consecutive higher lows akka three rising valleys leave a like and follow for more
NIO in next weeksHSI is in Bear market and now make one wedge Pattern and i guess it can easily break down. if it is happening we can see nio in around 13$ again.
nio elliott wavemost likely see some pullback before a big move sub 10 back into single digits
a recession is looming so its not surprising for it to go single digits before eventually making its way to 100+ in the future (5+ years)
This is how to trade $NIO today!Hey traders
NIO reaches a major support level, both for the upper trendline and for the price level of $ 17.
In our opinion, NIO will find strong support in this area and we will be able to take it in our favor to find a long pattern for entering a trade today.
NIO.....The consequence of a "Morning star"!Hello Traders,
on May 16, NIO, the EV car maker, has finished a correction within a wave 4, by completing a „Morning Star“!
That pattern was done and occurs close to the 0.382 Fibo of wave 3.
Since then, the stock has risen from USD 16.44 to 20.77 this week. The idea is valid, and the move is part of a wave 1 of 5.
As long as NIO is trading above the low @USD 11.67, this count is valid!
My next target area is around the 23.78 – 27.22 zone, what includes a wave 4 level of lower degree and would close the open gap, left by trading on end of January 18, 2022!
More bullish potential exist!
Well, I will follow this count and will update the in the coming 1-2 weeks.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIO maybe “reaching” $37-$38 ONLy. 19/ June/22NIO possible found its “temporary “ base as its monthly chart forming a pin bar/ doji candle stick bullish pattern. Price could trending up to around $37-$38 which is next 1) major supply zone 2) Upper Downward trendline resistance of Parallel Channel (yellow line)
NIO short. Bearish RSI divergence on this pumpYeah bearish divergence here and looks to me like next stop is the $15 area. $5 EOY is my target though and it will be nice to to take the money from the FOMO kids until then.
$NIO - BEARISH SCENARIOEntry: upo breakdown of support and simultaneous completion of descending triange.
TP: upcoming support level
SL: 1 ATR above "Buyer's Territory"
Manage Risk!!!
No trading advice. Just going through hipothetical scenarios. I don't know what are your bias, risk aversion, favorite time frame, r/r and so on.
$NIO - BULLISH SCENARIOEntry: upon break & close of yellow trendline + 50 EMA (W)
TP: 12 usd range
SL: 1ATR below buyer's territory
PSize: 1pct ttl equity
This is no trading advice. Just drawing a hypothetical scenario for this badass.
NIO Inc. (NIO, BUY)COVID Lockdowns Weigh on 2Q Guidance; Set to Recover in 2H
Maintain BUY and Decreasing PT to $35
NYSE:NIO
We are maintaining our BUY rating and decreasing PT to $35 (was $40) after NIO reported in line 1Q:22 revenue, with margins below expectations. With 1Q deliveries (25,768) preannounced, investors primarily focused on 1Q margin, 2Q guidance and 2H outlook. Vehicle margin declined to 18.1% in 1Q, down 310bps y/y and 280bps q/q, 136bps/86bps below Tiger/consensus, mainly due to increased battery cost and revenue mix shift. The company guided 2Q deliveries to 23,000 – 25,000, decreasing from 25,768 in 1Q, primarily due to supply chain disruptions caused by COVID. Despite the supply-side constraints, NIO's order intake reached a record-high in May, suggesting robust demand. 2Q vehicle margin should further decrease from 1Q, as battery cost, which peaked in April, is now linked to raw material price based on the new procurement agreement with the supplier. Although NIO increased prices by RMB 10K for all models in May, 2Q deliveries are still pre-price-adjustment vehicles. However,
as production recovers in 2H and battery raw material price declines, gross margin should start
to recover in 3Q. NIO will start delivering ET5 in September, and ES7 in August. NIO plans to
start delivering the mass-market brands in 2H:24.
Overall, beyond the temporary supply chain constraints, we see robust volume and margin recovery in 2H as NIO starts to deliver two new NT2.0 models (ET5 and ES7) with higher gross margins. Current valuation of 2.0x '23E sales is also attractive compared with TSLA's 7.2x. Maintain BUY.
NIO Adam and Eve double bottom / DragonNYSE:NIO
Nio has been in the new recently so i decided to take a look at the chart.. and heres what we can tell
beaten down Chinese stock that has already started to bottom out...double..bottom..out lol
not only it is a double bottom but its a near perfect representation of an adam and eve double bottom. POTENTIALLY
which would make setting PTs for this fairly straight forward.
ALSO with that double bottom the large structure looks to be that of a Dragon with a very clear spine.
again which would make setting PTs for this even more straight forward
however you'd like to look at this chart one thing seems for sure/ from a purely technical standpoint this asset looks like it has plenty of upside to run.
let me know what you guys think in the comments.
and as always , happy trading
$NIO Analysis, Key Levels, and Targets$NIO Analysis, Key Levels, and Targets
So I don’t have a NIO position at the moment, but I did yesterday… I closed my options out in January and for a 17% move in NIO I took 25% on my options…. Not a bad day, and it was just a 1 day hold… and when NIO dips I’m buying again…
I like NIO, and to me it’s starting to look very bullish. It’s likely to become one of my regular plays again along with RIVN and LCID. I might even play TSLA again at these levels. I do believe that EV companies will do well in the next few years.
Any other EV or FuelCell companies on your radars??
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
