$nio analysis$NIO is trending in a downward channel
Lost key $28 support
Bearish continuation pattern
EV sector will react to $TSLA earnings
NIO trade ideas
Head and Shoulder or double bottom.I think with the uncertainty in The industry I feel this is more a head and shoulder and NIO will still be trending down.
NYSE:NIO
NIO: I rode it up and I'll ride it downNIO has several gaps to fill, but I'll focus on the first one before I consider the two at under $10. First target is $16. High P/E and sales growth not convincing me that this is going up any time soon.
Not financial advice
NIO At the BEST buy situation! Here is why.Hello NIO investors, we are reaching the end of this year-long consolidation which happens to be a falling wedge. This is good. A falling wedge is a CONTINUATION pattern if it comes after a large bullish run which NIO did have (almost 5000%). Therefore, NIO will CONTINUE to go up drastically after it hopefully breaks up out of it. Secondly, NIO is almost at the golden ratio, the third Fibonacci level (seen in yellow). This is the most important and statistically speaking, the most likely fib level for a stock to bounce off of. RSI is relatively low as well which gives the stock space to go up.
I am expecting NIO to consolidate for another month (move sideways) then drop slightly so it could touch the third fib level without breaking the bottom trend line of the falling wedge (seen in purple). This progress is shown in the green arrows.
Fundamentally, NIO is expanding exponentially. There is too much good news to list off I would advise you to look into it yourself.
AGAIN this is not financial advice, this is just what I see happening. Hope this helps let me know what you guys think.
JICPT|NIO broke key level with another possible sell-offHello everyone. NIO has dropped by almost 60% from the high created on early Jan of last year.
On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern.
On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current level around $25-26 couldn't defeat the revisit. Another sell-off might be triggered with price likely to test the monthly demand zone.
What do you think? Give me a like if you're with me.
NIO - Falling Wedge Could Resolve Either Direction Price is currently at a well-established support (its bounced off this level 5 or 6 times already) at the lower edge of a falling wedge. Fibonacci levels also indicate that support should come in to play here. However, market sentiment is heavily bearish so we could see price break down below this support and begin a downtrend. A falling wedge is generally a continuation pattern so a reversal could signify the start of a strong downtrend. At this point, it's likely best to wait and see how price reacts. If we see a bounce and hold above $29-$30 we would likely want to go long, betting that our wedge resolves upwards. If this level fails to hold, however, we should be going short. This is a crucial point for NIO and basing trades off the direction of resolution could see significant profits in coming months.
Nio to Make New Lows? NIO - Short Term - We look to Sell a break of 27.53 (stop at 29.42)
The primary trend remains bearish. Bespoke support is located at 28.00. A move through 27.50 will confirm the bearish momentum. Closed below the 20-day EMA. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 22.82 and 21.10
Resistance: 30.00 / 35.00 / 40.00
Support: 28.00 / 25.00 / 20.00
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NIO showing divergences on several indicatorsNio may have already completed the abc wave 4 correction
& is starting wave 5.
Divergences appear in Rsi & Stoch.
The bottom may be in at 27.52 as it has already retraced
78.6% from the top of wave B.
not financial advice.
NIO SHORT TERM BEARISH NIO Inc. will go down to make a new low around 50% to 61% of fibo to finish the (4)th wave correction. After finish correction it will make new all time high. For confirming the correction finish you can watch hidden bullish divergence RSI indicator.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#NIO #NIO_INC #ELLIOTTWAVE
$NIO - BEAR FLAG VERY BEARISH $22 1st Price TargetBig Bear Flag Setup for a potential short, Watch a a break to first major gap at around $22.
NIO, BUY?I strongly believe in technical analysis more than fundamental one. Why? Simple answer: there is not any economical crisis at all, we are all tools of manipulation, let's see whether I'm wrong or right in the next three months.
Good luck in trades, buddy.
NIO - perfect zone to DCA for 100% potential gainWe could see nice move up on NIO, potential 100% gain from this zone. In my opinion this is the perfect zone to DCA o add to long position.
Double Sided Play on NIOOn the Daily Chart of NYSE:NIO , we can see that it has been creating lower highs (starting from 11th January 2021 @66.99) and consistent lows in the 31-32.5 region. This is a macro descending triangle formation which indicates a potential bearish trend. However, on the RSI Indicator, we can see that NIO is currently at 30.03, which indicates that it is underbought . Also if we take a look at Nasdaq's Daily Chart NASDAQ:IXIC , we can notice it has been trending upwards in a parallel range and is currently at the bottom support line which indicates upwards movement for the next few weeks.
If NYSE:NIO follows the trend of the entire Nasdaq NASDAQ:IXIC market then it can move upwards significantly but on the other hand there is a chance it behaves in accordance to the descending triangle pattern and plummets.
If watches carefully NYSE:NIO can be played on both sides profitably, I am currently long on NYSE:NIO on a swing trade with a stop loss at 28 and a take profit of 38+ which might change based on price action.
Nio Stabilizes After a Year of LossesNio had a massive run during the worst of the pandemic, followed by a year of pullbacks. Now the electric-car maker could be stabilizing at a key level.
First consider the price area near $28. NIO consolidated around that level in October 2020 before proceeding to more than double. Now that zone is providing support.
Second, consider the high-volume surge on December 30 as yearend buyers stepped in. Notice the slightly higher lows on either side of that candle, which produced an inverse head and shoulders.
Next, the December low was near a 61.8 percent retracement of the original rally in 2020.
Finally, the new year has seen a rotation toward global stocks and weak-dollar plays as the market accepts the hawkish Fed. That shift could also help NIO.
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$NIO | UPDATE$NIO 1D
Would love to be proved wrong here, but Nio may be in for a final leg down. I'm looking for capitulation in the mid teens for one of the best BTFD moments of 2022.
Nio Analysis 12.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
NIO MACROVIEWHere we have NIO. The price might seem in acumulation zone between 33$ and 25$. On macro-view, we can see that the price did a descending channel, but with that acumulation zone we can have a beautiful bounce (price will break the zone from 33$ and will retest it and after that we will have a new acumulation zone on the upper limit of the channel before the breakout from the descending channel-bullish movement).
Not looking good for NioNio blew it's shot to reenter my triangle and breakout to the upside on Jan 4th(check out the red arrow). I bought puts $30 puts when my $33 dollar entry alert triggered with $34 stop loss. That stop loss is now at $32. This failure will most likely send the price to retest support at $28. Personally I don't think it will hold but we'll have to wait and see what volume looks like at that level to decide whether we continue shorting or not. $27.50 might be another entry to consider with a $28.50 stop loss. If that support turns resistance I see $20 as a real possibility. Again there's some variables to consider before executing this trade but it's not looking good in the short term... Technically speaking. NYSE:NIO
