Hello Everyone, Followers,
Another one that will release their Financial Report is NIO.
NIO has been selling off through November and is now sitting right on top of a major support cluster ahead of its earnings. Price is currently around 5.50, trying to hold near the 0.618 Fib level.
🔹 Moving Averages & Momentum
Price is below the 20/50 SMAs → short-term weakness
100/200 SMAs still support the broader structure
This looks like a controlled pullback unless the 5.06 support breaks.
🔹 Support & Resistance
Key Support:
5.54
5.06
Trendline at 5.35 - 5.40
Key Resistance:
5.90 – 6.00
6.20 - 6.30
A close above 5.80 shifts momentum to bullish.
A break under 5.06 signals bearish continuation.
🔹 Scenarios
Bullish Setup
Hold 5.54 → 5.06
Break above 5.80
Target → 6.22
Mid-Term Target : 7.00 - 7.20
Bearish Setup
Lose 5.06
Downside → 4.50 - 4.60
Extreme → 3.90 - 4.00
🔹 Outlook
NIO is sitting at a critical decision level. The combination of Fib support and the long-term trendline makes this an important zone for a potential short-term reversal.
But if price slips below 5.06, the chart opens up toward 4.58 quickly.
🔹 My Plan
I’m waiting for confirmation around the 5.06 → 5.54 zone.
Above 5.54: I expect a bounce into 5.80–6.00, maybe higher into 6.22.
Below 5.06: I’ll stay out and wait for stabilization closer to 4.50.
Patience here — the level will reveal the next trend.
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
Another one that will release their Financial Report is NIO.
NIO has been selling off through November and is now sitting right on top of a major support cluster ahead of its earnings. Price is currently around 5.50, trying to hold near the 0.618 Fib level.
🔹 Moving Averages & Momentum
Price is below the 20/50 SMAs → short-term weakness
100/200 SMAs still support the broader structure
This looks like a controlled pullback unless the 5.06 support breaks.
🔹 Support & Resistance
Key Support:
5.54
5.06
Trendline at 5.35 - 5.40
Key Resistance:
5.90 – 6.00
6.20 - 6.30
A close above 5.80 shifts momentum to bullish.
A break under 5.06 signals bearish continuation.
🔹 Scenarios
Bullish Setup
Hold 5.54 → 5.06
Break above 5.80
Target → 6.22
Mid-Term Target : 7.00 - 7.20
Bearish Setup
Lose 5.06
Downside → 4.50 - 4.60
Extreme → 3.90 - 4.00
🔹 Outlook
NIO is sitting at a critical decision level. The combination of Fib support and the long-term trendline makes this an important zone for a potential short-term reversal.
But if price slips below 5.06, the chart opens up toward 4.58 quickly.
🔹 My Plan
I’m waiting for confirmation around the 5.06 → 5.54 zone.
Above 5.54: I expect a bounce into 5.80–6.00, maybe higher into 6.22.
Below 5.06: I’ll stay out and wait for stabilization closer to 4.50.
Patience here — the level will reveal the next trend.
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.