I am not a financial advisor.
Nio is entering many key points of confluence and missing high points while being consistent on lower ones. We see a high breakout point around 40.3, and some extremely strong lower resistance around 30. I think best time to buy is between 30-35 range. Bears and bulls could take Nio in roughly any one of the three directions indicated in the chart. I could see nio being as low as $29-30 by mid april, or as high as $43-45; regardless, I see a bullish outbreak after this 2 week period. If Nio stays in the $35-40.3 range, then we should be looking for any time Nio closes above 40.3 for a bullish outbreak. Last time NIO did this, it was taken all the way up to $46. Many analysts feel bullish about this EV stock and so do I. I see late april and early may as being pivotal points for pushing this stock into the 50s and 60s range by the end of the year. If we can break 45 by mid may, the stock will soar. I am looking at aggressive upwards hedges of 45 call strike 5/14 expiry. Option analysis proves that bulls are taking over in the options market. All in all, nio should easily be able to hit 45-50 by mid may.
Nio is entering many key points of confluence and missing high points while being consistent on lower ones. We see a high breakout point around 40.3, and some extremely strong lower resistance around 30. I think best time to buy is between 30-35 range. Bears and bulls could take Nio in roughly any one of the three directions indicated in the chart. I could see nio being as low as $29-30 by mid april, or as high as $43-45; regardless, I see a bullish outbreak after this 2 week period. If Nio stays in the $35-40.3 range, then we should be looking for any time Nio closes above 40.3 for a bullish outbreak. Last time NIO did this, it was taken all the way up to $46. Many analysts feel bullish about this EV stock and so do I. I see late april and early may as being pivotal points for pushing this stock into the 50s and 60s range by the end of the year. If we can break 45 by mid may, the stock will soar. I am looking at aggressive upwards hedges of 45 call strike 5/14 expiry. Option analysis proves that bulls are taking over in the options market. All in all, nio should easily be able to hit 45-50 by mid may.