Is NIO setting up Elliot wave 5th? I'm convicted. Base on this technical someone can buy here with SL: 48.44 & with a potential target of 77-79. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Hi. It looks like we have finished 4th wave on 1h and now in 5th. So, long to the channel top, perhaps, until 01/28-29/21. What're you thinking about?
As we can see these movements could mean a reversal to start a new uptrend. Let's see what's the outcome tomorrow.
NIO further rise. It can be seen from the analysis that a double fractal structure is built. It can also be seen that the size of the second fractal is twice the size of the initial fractal. Therefore, the next wave sequence may be an accumulation range. Then, stepping up from this range, a second ascending sequence can be built. The target price for this is 90.14 usd
This is a volume-based analysis on Plug Power PLUG. The stock went parabolic (again) and had an impulse wave for the 7 trading sessions and reached 73.90 as 52W highest high. PLUG stock has a lot of” buzz” at the moment and it’s just resting before another wave to 82$ at the end of it. Now the PLUG is giving some gains back and closed on 60.14, but this is far...
NIO is going higher and higher. This company has significant potential. But the stock seems to be a little bit overbought. It is not a healthy UPTREND. NIO should close the GAP and go back to $58. It could be a good opportunity for buyers. ENTRY LEVELS LONG: $58.80 $55.34 $50.11
Broke through their previous ATH, looking to make moves to my price target of 71.89 if we hold above this level (Blue) .
Long Nio. The EV race is just beginning. PT: $144 USD by ER $200 by EOQ2
How to use the DMI indicator to determine if the current trend will continue or pullback! The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the...
Target price hit at around $58 With Double Top Pattern This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double...
If NIO breaks out of 55 resistance, there are chance of all time high around 59-60 based on chart patterns.
$NIO gapped up yesterday and is pushing to test previous resistance (57.20) Double Top? Watch price action closely. With CCI up so much, price may turn sideways as it pulls back into the green box (e.g. marked in yellow) If price breaks below yesterday's low of 50.67 and goes under, I will look for a reversal near the $48 zone. Good luck!
*Dab*.Nio made it in the pitch fork thingy. possible inverse h&s with a possible TP of 62. EDIT: picture at the bottom shows the green oval to be a false break from the pitch fork. and the yellow oval shows heavy green volume, possibly meaning we should have never left the pitchfork trend.
Inverse H&S pattern - Target $49.7 Support at $45.8
Well, at the first rush with NIO, I admit, I bought the stock twice, both of them I saw huge percents in couple days, so I sold it out. My biggest dream is that NIO will start their rush all over again, so I could handle like I know, and not run away when the profit is way too high. those days, I watch carfuly about NIO, witch I belive, didn't finished...
Break above falling wedge Target $52-$53 Support $47-$48