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...
Points: - LCID is showing a Deviation of 6 Points placing current price action in new channel. - Current channel = Supply Zone at $10 & Demand Zone at $4. - Down 89.19% in past 405 days. - RSI Average at an all time low. IMO: I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come...
In the chart above I have provided a textbook example of what might be unfolding for PSNY. 1. Previously confirmed Supply & Demand channels remain intact. 2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend. 3. Important for price action to stay above 5.50 to avoid an early retest of lower...
In the chart above I have provided a macro analysis of TESLA by providing a visual on confirmed channels, past and current trend & RSI patterns. Points: 1. Channels show a deviation of 60 points currently placing us in the second to last channel that holds between 60 - 20 for DEMAND & SUPPLY . 2. Current channel is in fact risky to buy into considering we are...
In the chart above we are taking a look at CN1! in the 16 hour timeframe. 1. CN1! reaching an end to pennant formation in vital channel support. 2. Previous pennant breaks in current channel level has been bullish in the past. 3. Important to break past 13300 Supply Ceiling . 4. Channel deviation of 500 points . 5. Channel Above = 13800 - 13300 , Current...
• NIO is trading around the support level of a Bearish Flag chart pattern; • Yesterday, it tried to trigger the pattern, but in the end, it did a bullish reaction and it stabilized around the trend line; • If NIO triggers this flag, the bear trend will resume and the technical target of this pattern is around $5; • In order to avoid this bearish scenario, NIO has...
I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions. If not we can expect the downtrend to continue to $9. If it reaches as low as $5-7 I will be scooping up a lot. Good luck. (Disclaimer : Not financial advice)
I've had this trendline drawn for quite some time now. With China's strict covid policies still in place and econ future uncertain, i will not suggest opening a long position in NIO until it breaks this trend on volume. Deutsche Bank says buy Nio, predicts shares can rally more than 70% as delivery volumes speed up
• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post); • Now, NIO hit a support level, the 21 ema in the daily chart; • Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this...
This is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical. For ALL Electric Vehicle manufacturers, 2023 may...
A major bear flag is setting up, with decreasing volume and bearish divergence on the stoch rsi. Also a gap that needs to be filled at around $5
In the chart I have provided an analysis on the following points: 1. Confirmed Supply & Demand Pockets (Total of 2). 2. If side movement continues past February 28th chart would be invalidated. 3. Break above $20 would confirm break of downward trend & place us in supply territory for Fibonacci.
If you haven`t bought the $15 strike puts when i wrote you this article, which are trading now at $3.50 from $1.14: Then you should know that looking at the NIO Inc. options chain ahead of earnings, i would buy the $12.5 strike price Calls with 2022-11-18 expiration date for about $0.38 premium. If the options turn out to be profitable Before the earnings...
Large bearish flags, head and shoulders, and reduced volume all point to a drop in nio's price. tp 8
• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post); • In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5; • What’s more, NIO is quite close to the 21 ema in the weekly chart, another...
Buying value around 168 after this gap down to gap fill potentially pre market. Waiting for call opportunities for possible H&S fill out (zoom out) and back up to 196 then 224 Trade safe have fun! Follow and like for more updates
As per chart, I think NIO will be a good short-term buying opportunity. NYSE:NIO A retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA... Look to enter anything above 15$/Sub 20$. EV stocks have taken a...
• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered); • As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual; • As we already...