NIO looking to break this resistance wall. Not financial advice, I am not a financial advisor.
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NIO is one of those long term holds that will very likely pay off in the future... however, with the market uncertainty at the moment you may want to place buys in the sub $20 region rather than getting in right now. If you're trading, wait for a bounce or break of the trendline.
ENTRY: ~ 42 EXIT: ~ 55 STOP LOSS: 38 -We had an inverted hammer pattern in NIO and it was confirmed today as it didn't break the pattern yet. - Looks like a good setup right now, as it is trading around the ~ 42 previous support level. -We also have high volume which confirms the pattern + support level
I compared TESLA and NIO and I liked the similarity. Looks promising for NIO :)
Found res on the blue cross channel, a good sign. Need a strong showing at the 10 - year auction at 1:00 EST to keep momentum. Not out of the woods yet...
Its rare to see a BlueWave green dot on the daily time frame for NIO, this is a very bullish sign. NIO bounced off the 34% Fib. NIO is also oversold.
Nio. along with most tech and EV stocks has aggressively sold off over the last month. But is the selling really over or was this a dead cat bounce? I for one hope for the former. Here is what I am looking for in Nio from a technical standpoint: - Bounce off the $31.86 level with candle close just below the 180 EMA (Happened) - Green Candle break above $38.59...
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I have been a long term NIO holder and NIO started many thing for me back in August 2020-November 2020! I rode the train up and down up and down! It paid off super heaviily! I was still learning so I did lose a little money but those were lessons learned! I have loaded up super heavily on NIO leap calls and I believe we will be 100+ in near future, probably...
In the last 2-3 days many asked me about premarket moves and long candle shadows! Strangely, in some platforms these moves are so bold while in the others not, and there are lots of discrepancies between different platforms data..! I believe the main rescan for this phenomenon could be low volume trading and low liquidity in pre and after market! Another reason...
waiting for uptrend to add more position
line in the sand. NAS futures caught a bid, all eyes on the 10 year (for as long as it is deemed important). Drop in the treasury pop in the NAS and vice versa.
watch my other idea as well to see what happened in 2020 6feb 20 / 23march 20 > 45/55 percent decline, depending on what top u choose, the stock took 44 days to regain rougly 55 percent some time later the stock REALLY broke out RSI was oversold on the daily under the 40 line at the 23rd this happened todat as well. we can see a trend line that started...
with that massive volume spike it could be going so far