NIO trade ideas
Relevant levels on NIO + Explanation.Today, we will look at the relevant levels of NIO and what we can expect from them.
The first thing is defining the current context:
a) The price is making a corrective formation (defined by the support zone and the descending trendline)
b) The current drawdown is 59%
c) The current duration of the drawdown is 365 days.
From where we are right now. Which are the next relevant levels for bullish and bearish scenarios?
Bearish Scenario: Currently, the price is below the support zone. IF we don't observe bullish movements above 32 / 33 in the short term, the price may drop towards the next support/resistance zone at 14.00, which means an 80% drawdown.
Bullish Scenario: Assuming the price is able to move above 32 / 33, we may observe a reaction on the descending trendline. That would be a short-term bullish target. However, observing a breakout of the descending trendline could be a positive sign for position traders. It's important to say that when we have the breakout of structures of this size, it is normal to observe some corrections/throwbacks before new massive movements start.
Thanks for reading! Feel free to share your view in the comments.
$NIO | WEEKLY WATCHLIST 1/10$NIO 1D
Looking for a new low for Nio. Watching $24-26 region first to hold, otherwise we can see $20, $15 before any major low..
More pain before the relief This can find a bottom around 26 or fill the gap around 21 before any significant reversal.
$NIO LevelsBreakout zone:
$29.25
$29.00
Bull PTs:
$29.6
$30.15
$30.81
Bear PTs:
$28.76
$28.36
$27.88
NIO, 15 MinNYSE:NIO
NIO, 15 min
Buy at 26.38
Sell at T1: 28.42, T2: 29.66
Stop Loss at : 25.25
Please read the disclaimer
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DISCLAIMER:
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NIO, Daily, Descending TriangleNYSE:NIO Daily, Descending Triangle
In General, NIO in a Bad shape
it may respect the Bollinger band and reach target one at 33.10 temporarily. However, it may also keep drooping, breaking the Support Trend Line breaking the other s/r lines 25.77, 19.43 ..etc
---------------------Disclamer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
$NIO ready to squeeze ?By me NIO looks very bullish and ready for bigger move upwards. Short term PT $37 and long term over $40 risk area around $26.
See you in the single digitsI am not even charting this one out. If you can't see it.. I highly recommend you little kids go to college and study finance and then read some books on your own. The bullish posts are truly laughable.
NIO found Daily Support. Bullish SwingJustification and PTs provided on Chart.
Daily Chart:
(1) Bounced off Support
(2) Hull Moving Average (period 16)
(3) MACD Bullish Crossover
(4) RSI low and trending positive
PT1: $38 (0.618 Fib) and at Downtrend Resistance
PT2: $40.7
PT3: $44.27
Expected PT1 ~ end of Jan 2022
price channels nioNYSE:NIO
price channels of nio in log scale. I think this is a buying opportunity. and i hope the chinese tech sell-off is over
NIO calls and puts: Levels to look out for & considerNIO
Price - 33.47
Support- 31.99
Resistance -35.21
Consider***
Calls above - 36.13
Puts below -29.4
NIO - Bullish ABCD PatternLooking for a run up to $38-40 level. If it breaks the channel, we could see a run to $43-44. The next level is $53. Beware of regulatory issue in China. Looking to cut EV subsidies. This may overshadow price movement/momentum.
NIO's backslide. looks eh.It's probably a fine company longer term, but at the moment it is backsliding into new lows. If it's not bought up quickly, it may be trapped under a new ceiling for a while.
The only benefits I see for NIO is that it has a longer range battery than tesla, but the price tag of $100k+ for any model and not having total technological superiority isn't a market dominating proposition.
Nio Path within downtrend channel $22 by march
$8 by October
Then NIO will go on a massive bull run after it tests $8 by end of 2022.
Just an opinion do your DD. Not a FA
Nio is going for single digits.. low single digitsSee you guys there in 2022.. oh wait, it is 2022. Ok.. see you there later this year.
(I can just hear all the kids screaming in their high pitched mickey mouse voices, you're crazy. NIO is going to $200! Dream on kids. Oh and that spike last week.. oddly COE spiked higher than NIO did. Must have been that great news that came out right? 1/2 of all stocks spiked that day. I know.. you insist its NIO and the news that came out. Guess what, you are wrong again! That's twice you are wrong.. anything else kids?
STRONG BUYYYYYFully bullish on NIO guys....
The chart says positive things to me for 2022 for NIO..
Currently at the golden zone according to fib retracement don't look overbought on RSI and the triangle formation look ambitious for good future long gains!!! Ready to breakout the triangle formation and moving forward above EMA 20 and EMA 50.
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NIOBroke downward channel, tested daily support and hovering above weekly level. Expected a move to the upside.
NIONIO looks primed for buys at these levels. As NIO is expanding out of china theres a good chance for growth!
FEB to April will be buying months.
We can reaccumulate and run or melt even further from here/ We will know soon enough.
Jan 22
40 call 0.30 Open INT : 39.8 k
45 Call 0.13 Open INT : 45.76k
Maybe overly simply but I like simpleI love triangles and this time seems to reverse. As a rule I expect the leg of the reversal to match the length of the "flag pole". Fib is at the golden ratio perfect for the turn. LET'S GO!
Zig-Zag Correction in $NIO$NIO appears to be in Wave C of a zig-zag correction. As a guideline, we would like to see Wave C end beyond the end of Wave A. The .618 ratio is the first area of value to look for. If that does not hold, then look for Wave C to be around the same length of Wave A, which is also listed at the 100% ratio. The goal is not to hit price targets but to give ourself the best probability and become profitable traders. Will update as time progress.
$NIO Bullish Outlook for 2022First off, I would like to preface this position with the concrete evidence of NIO further positioning itself as the primary EV of choice of the Chinese population. The market in which they are already expanding in has potential to result in return, especially long term that will be incredibly lucrative. Furthermore, as society and the political spectrum further shifts towards green energy, specifically limiting carbon footprints - IMO China per recent actions will indeed turn to EV's as a first step in this process as environmental concerns are paramount and relevant. This relevancy alone will create demand, in which NIO is already ramping up production for and enhancing the consumer experience via rest stations with amenities at charging stations for example. This is from a fundamental perspective, to further support this stance I will now move onto the technical analysis of NIO and its correlation for a bullish 2022...
As we can see from the chart, recently we have seen extreme selloffs and huge dips in price, larger time frames support this per price lagging under many of my EMA including the 200 day, this alone can support a buy, but that would be ignorant to make a trade off of one variable alone. Furthermore, as we can see per the fibonacci levels of retracement price has bounced and is holding, we will see price grind upwards at each of the levels above within the near future. Specifically, price has broken above our the first level of support after a FULL 100% retracement downwards, this presents an great buying zone and more importantly, an opportunity to play off the fear and uncertainty which is a vital staple of my trading strategy and one of all successful traders, in my personal experience. The final technical aspect of this chart that I love the most and validates my position is the recent bullish volume spike of buying volume that sent us up to our first level of support, shows conviction and actual big money positioning themselves early. Lastly, NIO from a fundamental and technical perspective IMHO will have a huge 2022 with a price target of $50 EOY 2022, longer term its growth and price.
If you all enjoyed please let me know and leave a like, any comments and or feedback is always appreciated!
bouncing back above support! 🔥nio temporarily broke below the strong support, but looks like its quickly climbing back above.
short trap looks like its in to me, also saw a perfect bounce off its RSI zone. These are all good signs for longs!
looking for a rally to top trendline resistance after a little sideways action.
like and follow for more 💘
