Get started

NIO

Will chaos in nickel prices disrupt the EV boom?The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers. Nickel is one of the most common metal elements in the world used to make stainless steel, batteries, coins, and other metal applications. How the Russia-Ukraine conflict drove nickel prices higher Russia is one of the world’s largest producers of nickel, supplying about 20% of class 1 nickel that is mainly used in the production of stainless steel and electric vehicle batteries. Data from market research firm Statista showed that Russia was the world’s leading exporter of nickel and nickel products in 2020, shipping about $3.02 billion worth of the commodity. The conflict between Russia and Ukraine sparked fears of a nickel supply crunch as Russia has been hit with a number of economic sanctions and as importers of other Russian commodities like oil avoid being impacted by sanctions. The short-squeeze that sent prices skyrocketing In addition to the supply concerns induced by the ongoing Ukraine conflict, a short-squeeze involving Tsingshan Holding Group, touted as the largest nickel producer in the world, was also behind soaring nickel prices. The Chinese company took a nickel short position of 200,000 tons of nickel in the London Metal Exchange (LME) and as the price of nickel surged in the early days of the Ukraine crisis, the company’s short position was left in disarray, setting it up for a paper loss of about $8 billion. Tsingshan recently inked a deal with banks to avoid further margin calls, buying it time to cut its nickel position as markets stabilize. LME forced to halt trading The short-squeeze and supply concerns sent nickel prices skyrocketing by more than 50% to $100,000 per tonne on March 8, significantly up from about $25,000 per tonne a week earlier. The surge prompted the LME to suspend nickel trading and impose price limits to maintain stability. Since the trade resumption, prices have been on a freefall over low trading volumes and concerns about the status of Tsingshan’s short position. The benchmark three-month nickel on the LME fell 2.2% on Tuesday at 10:30 a.m. GMT to $32,000 per tonne. What the volatility in nickel prices could mean for EV makers Higher nickel prices could drive up the costs of electric vehicles even higher as nickel is one of the key materials used to produce EV batteries. Morgan Stanley auto analyst Adam Jonas had recently warned that EVs in the US could be $1,000 more expensive as nickel prices soar. This could hurt electric carmakers’ profit margins and impede the growth of the burgeoning EV market at a time when markets like China, Europe, and the US transition to new-energy vehicles. The shortage in nickel and skyrocketing prices of the metal have forced some EV makers like Tesla (NASDAQ:TSLA) to look for other battery materials. In late February, Tesla CEO Elon Musk tweeted that the Silicon Valley-based company’s biggest concern for scaling lithium-ion cell production is nickel. “That’s why we are shifting standard range cars to an iron cathode,” Musk said. Tesla recently hiked the prices of its Model 3 and Model Y cars in the US and China, the world’s biggest car market, due to high raw material prices. Its rivals in China including XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI) and BYD (HKG:1211) also announced price hikes to counter rising raw material costs. However, NIO (NYSE:NIO), another local player, last week said it has no plans to raise prices at the moment after its sales have lagged behind its rivals XPeng and Li Auto for five straight months.
N
by BlackBull Markets
NIO at the begining of a new era..!This is NIO weekly chart which clearly shows the long-term outlook! with the current trend, 20-15 could be possible in the next few months! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:NIOShort
by Moshkelgosha
17
Nio - Watch out for the break out of the channelHello everyone, China said Wednesday that it would keep its stock markets stable and take measures to boost economic growth in the first quarter, according to the state-run Xinhua News Agency. The government should roll out policies favorable to capital markets while being cautious in introducing contractionary measures, according to the Financial Stability and Development Committee under the State Council, during a meeting chaired by Vice Premier Liu He. This is huge, because the reason why Chinese stocks were down so much was due to delisting fears, unstable political environment and the recession looming over us. While the recession and the war between Ukraine and Russia is not going anywhere as of yet, the improvement in the policies of China and significantly reducing the fear of delisting is something that will have an affect on all the beat-up Chinese equities, at least in the short-term. Nio is trading inside a decending channel and we need to watch out for a break and possible retest of the last resistance. In case it does not break though, we are headed down to the 10$ mark. Good luck!
NYSE:NIOLong
by donaitelo
2
TESLA looking bearish on the dailyLooking at Tesla on the daily chart I have broken down how I am playing this one for the long and short-term. So clearly TSLA is looking pretty bearish along with most of the major stocks these days. Today we see price breaking down and setting up to potentially test that very strong support level and low of $700 from a couple of weeks ago. Since Tesla hit all time highs on November 4th the stock has had a few failed breakout attempts. On one occasion it looked pretty promising to break all time highs only to hit 1200 resistance. $1000 is a very important psychological price level and on this chart we can see lots of areas of support and then breaking through that level so now 1000 is resistance. Price also hit some resistance at the 950 level as well. The plan for the bulls would be for of course 700 to hold and for price to start making higher highs and higher lows. A break back above any whole number is a start, 800 then 900 and then that 950 wall. Once TSLA is breaking back above 1k I would feel pretty confident for the bulls but until then I see this looking more on the bear side.
NASDAQ:TSLAShort
by Dancharles
Chinese Stock sinking ..!I believe this process will not end soon, do not try to catch a falling Chinese knife..! Charlie Munger has tried this with BABA and I do not think he is happy with his decision! Consider this: What would happen if China and Taiwan situation escalate..! Best, Dr . Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BABAShort
by Moshkelgosha
15
Quantitative Models or Analysts Ratings???In these charts, you can see the performance of Tesla, Lucid, NIO, and Rivian in 2022, which is -22%, -36%, -43%, and -59% respectively..! In the below analysis I added the Technical rating and Analysts ratings from the overview page of these tickers: My observations: 1- Technical rating show "Sell" for all 4 tickers! 2- Analyst ratings show Strong buy for NIO, buy for Tesla & Rivian, and Neutral for Lucid. It seems this new feature "Analyst Rating" completely indicates the opposite direction..!?!? Questions: 1-Who is/are the analyst(s)? 2-Why their opinion is so different from numbers and indicators/Oscillators? 3- What are the metrics these analysts use??? 4- How should users interpret these contradictory ratings? 5- Do contradictory make trading easier??? As a user who use this platform for more than a decade, I think this is not good to add non-quantitative ratings to a platform that should move toward quantifiable trading/investing models..! Why? Because in the past decade Quantitative funds beat the performance of the market, hedge funds, and asset managers..! Conclusions: 1- Indicator ratings are closer to the reality of the performance of the underlying assets because they are not emotional..! 2- Analyst ratings is far far far away from markets reality Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:LCIDEducation
by Moshkelgosha
5
NIO LongAnalysis done on 30 minute and daily candles. Electric vehicle shares rallied today with NIO being one of the leading performers after their announcement to have a second listing on the Hong Kong Exchange. This is good news for investors because means the company will be able to bring in more capital from a new pool of investors. 2021 was a very tough year for NIO and Chinese stocks in general, the stock was trading at a high of nearly 70.00 at one point, but the rising fears of Chinese delistings and overall market correction has brought down its market value. Looking at the short term, today's rally brought NIO's daily candle up to the 10 day MA line on the daily, but wasn't able to breakout above it. Going into the rest of this week, your best case scenario is NIO gaps above that MA line and continues its rally. That would involve NIO breaking above the 23.15 resistance, which it would then have a price target of 24.50-25.00. If NIO fails to move above its moving averages then it can decline to test the 21.00 support. If it breaks below then it can see 20.00.
NYSE:NIOLong
by hyperstocks