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JVS_Signals

NIO Buy Setup

Long
NIO Inc. (NYSE:NIO)  
JVS_Signals  
NYSE:NIO   NIO Inc.
Trend Analysis Technical Indicators Fundamental Analysis Stocks signals tradeoftheday niolong NIO niostock niosignal niobuy niosetup
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trendanalysis indicator fundamental stocks signals tradeoftheday niolong nio niostock niosignal niobuy niosetup
NIO Signal
  • Entry - $10
  • Target - $27
  • Invalidation - $2
  • Risk to reward ratio - 2.13
Technical confirmations
  • Gap between $9 and $11 where unfilled orders have to filled.
  • Price once rejected $10 level and then broke it. We think that $10 level could act as a potential support.
  • We have a 0.886 Fib retracement level at $9
Fundamental confirmations
Why should price reach Entry level?
  • Because of the lockdown in Shanghai businesses are getting logistics problems.
  • COVID-19 lockdown and China political situation with Russia influence foreign investors to sell their stocks.
  • NIO is in the list of Chinese YTD share performance sectors that are vulnerable to COVID lockdowns
Why should price reach Target level?
  • Debt to equity ratio: <1 (Stable company)
  • Has a stable cashflow
  • According to Nasdaq, CNBC long-term price goal - $33
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