This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Today we will analyze the current scenario on NIO, and we will define what we consider can be a high-quality scenario in case we observe the following structure (confirmation idea). Please, it's important to understand that we are not saying "that will happen." Our trading approach is defining trading scenarios in advance and only trade if those happen.
We have successfully achieved 27% gain in the last NIO trade ( bit.ly )
NOW, we will wait to see how the resistance will react
IF NIO breakout the resistance we will enter with a target 46$-51$ as in the chart.
IF failed we will wait it again in the red line for a possible trade.
Have a great day Traders.
*** This is not a...
This is a complete review of the current situation on NIO lets starts:
1) The price made a new local low since the previous ATH at 67,00. The current Draw Down is -53%, with a time duration of 123 days.
2) Currently, the price is a little bit below a clear support zone at 33,00. From here, we can start working on some possible situations
Tech shares are descending heaviliy these days. Actually its a usual correction and consider that as normal. This idea is about NIO/INC what i think on the long term will be much higher in price in the near future. NIO set foot on the ground in Norway already. Making their preperations for getting ready for the European market. Its exciting to watch these...
Video update on the last video i posted on NIO
We went for that third bounce of support and finally breaking downtrend yesterday. Currently a flag in premarket we will be watching this one today for continuation. Previous breakdown below
We have been making several analysis + execution ideas on NIO, and we have been able to avoid low-quality setups by waiting for the right moments. (to make the most of this post, check the link to related ideas to get an idea of the whole process from the beginning) Today we will retake a look at what is happening right now.
After breaking the descending...
We are ready to set pending orders on NIO
We have been making multiple analyses on NIO with the idea of taking long setups if the situation developed as we expected. Now the filters we created are 100% finished, and we will develop bullish setups towards the next resistance zone (Check the link to related ideas to see how this process went from 0 to the current...
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...
I find it a buggy thing that the market also sold the NIO because of the TSLA, but the co-movement of the sector has resulted in a good entry.
I think for a number of reasons that, a serious rise in the exchange rate is expected, e.g. the consumer power of the Chinese market, expansion, etc.
Good luck to everyone. (:
In the one-hour chart, NIO is just below the support level, which makes me think it'll go up now.
Right now, I have spread my money over Jumia Tech, Apple, Tesla, Nio, and bitcoin. this is just in case you want to copy me because you are not sure which stocks are goof right now.
Do note, you should not just blindly follow me, I am a fairly new...
Nio has been coming down for quite a while. If you are a long term believer of NIO like I am, be calm, cool and collected. Nio is deep in the race of EV so keep your eyes on the end goals. Earning might change all of bad result we have seen.
Don't let your emotion determine your actions.
Keep a clear mind before you reacts to situation.
Trade Safe - Trade Well
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
It's rare to see NIO bouncing around its 50 days moving average during such a booming EV market. As I see the bullish momentum continuing I expect to see strong support and bounce back in NIO stock. I could also see the bounce back being even faster, in the case of NIO releasing especially good delivery numbers for February.
NIO is currently in a volatility squeeze and has broken the significant level within the trend pattern that has led to a large break out multiple times (Within the current trend)
One precaution to consider is that the uptrend is getting a little long in the tooth when looking at it from a Fib Time Zone extension perspective