As you can see, a mountain top has been formed with a base at the $5 to $1.50 range which will be the price target. It will take sometime but heading there as it is still forming the bottom of the mountain. It also rejected and could not get over the downward channel (right side of mountain).
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Entry: $21.31 Take profit: $27.50 Stop loss: $20 If you want to see more,...
BEARISH HARMONIC PATTERN Still not valid until price close above B . If the pattern is activated the target will be point D which is the completion of the pattern and expect a 38% retracment.
Another possible breakout on $NIO. If Elon goes well, the rest of the EVs companies share that fate. Plus, is a China stock.
Market Conditions: - bearish trend - correction movement - bullish sentiment in the market Key Level and Lines: - $11.81 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
if you don't like Tesla, Here Nio, the chinese version. - Like Tesla, Nio makes luxury electric vehicles. Unlike Tesla, Nio does not make its own EVs, instead partnering with a state-owned auto manufacturer. Nio, Xpeng (XPEV) and Li Auto (LI) are startup rivals to Tesla in China, the world's fastest-growing EV market. - Nio's great advantage is that its owners...
HS pattern forming at 4H $NIO. We have so far good support on 0.5 Fib level 10.65. if broken we will leg down to 10.40 and eventually 10.
Retest of the support failed and NIO is falling back down. If this continues it could see the low 7's. THIS IS NOT FINANCIAL ADVISE SIMPLY PERSPECTIVE
TSLA has had a long down trend from macro factors including China , a recession as well as a unique situation tying it to Twitter and Musk liquidating large blocks of stock. From the technical side of things a recent triple bottom has evolved to a flat top triangle pattern. Both of these are bullish suggesting a reversal is real. The setup is for a breakout...
15th Jan 2023 Previously, Nio drop to 3 support level which I shared in Sep 2022. Congrats for those who make on this call. After forming a real support around $9, we may see some upside on Nio. Last support price will turn to resistance level. First Resistance: $12 Second Resistance: $15 Break and close above $15 may hit final TP at $20.
NIO stock remains in a strong downtrend. Generally we expect major indices such as NASDAQ and SPX to continue the downtrend as they already saw rejections from the major resistance line. NIO looks kinda similar as it couldn't break the resistance. We expect the next leg down from where we are. The target for shorts and the buy area to play the bounce would be...
NIO double-bottomed in late December, this past Monday, and also back in November at the same level now drawn onto the chart in green. It is now above the POC line on the long-term volume profile suggests it was pushed there by buying pressure exceeding selling. Fundamentally, NIO is strong in China, TSLA lowered its price to be competitive and maintain market...
Quite interesting setup. Also below are interesting points to consider: 1. RMB vs us dollar, approx +8% gain favor RMB 2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8% 3. NIO selling mostly in China benefits from the strengthen of RBM 3. Commodity prices are down on average -30% from peak levels 4. Lithium...
• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction...
• NIO is in a short-term bear trend, but it just hit a support level, and it is reacting; • The support at $9.53 (red line) is our key point. This is the third time NIO hit this line, and in order to resume the bear trend, it has to break it as soon as possible; • If NIO bounces again, there’s a clear resistance level around the purple line – a trend line...
• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support...
DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO. POINTS: 1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43. 2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread. 3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would...