The potential will be insane if it happens. You should not miss this chance which is once in a while. Just wait till it breaks the decreasing trendline, then buy and live happily ever after!!
Nio has formed a major bearish head and shoulder pattern. The neckline has also been compromised signaling further downside. Price Target is the length of the head to the neckline, thus equating to a price objective to about $5 for the first target. There is a Also a gap at the 4.88 level too.
Leaving this here... Simple set-up. Everytime RSI reaches this low there is a bounce opportunity to be played... Sell when it's at the top, and rinse/repeat. Max it can reach is $15 before another leg down to consolidate... (Not financial advise)
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 NIO has been overall bearish trading inside the falling wedge pattern, and it is currently diving inside a weekly demand zone 6.5 - 10.0 The bears are still in control managing to make new lower lows. But, we can clearly see that the impulse movements are getting flat and...
Okay so an update on a strategy we have been working on since well into early 2019. if you want to see the earlier chart it will be here or down below. $1000 May 29 2019: Bought TSLA @$189.86 or 5.2 shares a number of trades October 26 2020: Sold NIO @$26.01 (cash $14,726) for TSLA @$420.28 or 35 Shares - total now 93.5 shares of TSLA Current Total = 93.5...
RSI rising. Solid support at $10. ABCD pattern over extended, price ready to move up. Three price targets for 2-4 months.
Working on a EV only portfolio strategy where you just trade Tesla for NIO stock back and forth. I backtested it with $1000 to start on May 19th 2019 (think fractional shares at first). Buy into Tesla to start (based on the chart) with 100% of the portfolio. There are some trades we could not do because we didn't have any more money to put into the stock. We...
Nio has undergone multiple Bearish flag setups and is now also formed another bear flag for a potential leg down to the $5 range. This could drop down to as low as $1 support.
DESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation. POINTS: 1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT. 2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY. 3....
At crazy valuations I have to think this way. Two possible price movement with both pointing downward first. Might be good to stay away and watch the price action before blindly going all in. Especially when demand is coming down for products in the US. Thanks for the view...
Target Price 5 USD only if the support line of the channel is broken. It is a bearish market - so do not go long now! Hold or go short only if the level of 10.00 USD is broken for more than 2 days of Market
The price action may be trying to form an inverted head and shoulders (currently in the process of forming the right shoulder). The RSI seems to be bullish and creating an ascending triangle seem to have completed wave D and now waiting on wave E which should be the breakout wave bringing the RSI hopefully into the overbought territory.
On the 4HR and 1D it seems like we can bounce back to mean price from around $10. Stance is neutral, will take profit at $15, be cautious of downside but I think we may gap up first, then towards $20 if this rally lasts into early Q2. $7 would be the floor if price rejects. Stay safe.
NIO is currently trading near the 2022 Point of Control (POC) after failing to breakout at the top of the descending channel. This presents a great opportunity for investors to capitalize on a potential rebound in the stock price. Although NIO didn't breakout at the top of the channel, the current stock price level presents an attractive long-term opportunity for...
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.