$Nio is looking to make a parabolic move similar to its counterpart, Tesla. After a establishing a bottom base at the $1-$2 range, $Nio exploded to $5.65 and has consolidated nicely to form a new base of support at the $4 level. If this does shape up to be a parabolic advance the current level would be the 2nd base. A move up to the $6-8 range would be the 3rd...
" What has been the biggest driver ? Sales momentum is a big focus for the public right now. In fact, Bank of America Securities analyst, Ming-Hsun Lee reiterated a Neutral rating but increased the price target to $3.90 from $3.80. The shining factor had to do with “strong sales momentum since August.” Can Nio continue this momentum in 2020 as Tesla rolls out...
NIO was already a great price even before its earnings report. The earnings report sent it soaring higher, but based on the earnings outlook, it still may have room to climb. I think the stock could see $5 per share soon. However, first it will probably pull back this week toward 70 RSI. I'll be buying the dip and looking for a move higher. This is a swing trade,...
Early this year I made this chart after the 40% cliff fall from $10. Now that these parallel lines have been breached I look for the rebound above those lines. As far As I am concerned this stock is dead until then. I also would like to point out the overwhelming bullish sentiment in the community. Usually this is a heavy indicator for more downward movement. ...
Stay away from $FUV until it finds SOLID SUPPORT! Former resistance will likely flip into support in this particular trade idea, so that's where we will consider entry! Or you can SLOWLY ladder into a SHORT position here as well!