Liking NIO going into the santa rally. $55 isn't out of the cards, but it has a lot of supply between 42.29 and 55.15. Pit stops along the way in 6-7 different places. Best case is to slice through 44 and get the momo/fomo crowd into it.
NIO TECHNICAL ANALYSIS
The previous trend and Fibonacci retracement show It will go short around 40$ to 36$ . So Sell and wait for the next target as set on the graph at that position 36$ if shows a green candle then take entry after confirmation.
If it breaks this support then the next support is at 32$ . IF...
Hello!
Just a quick trade on NIO, the reasons:
- breakout an important support (Sell signal)
- double top confirmed (Sell signal)
- breakout the minimum point (Sell signal)
Enjoy!
The daily chart with the RSI MACD OBV indicators shows the following picture: downfall to the support at 33.6 and its test, and if everything is OK, let's go to the resistance at 55. The Fibonacci levels also show a correction to 0.5 (35.10). And the worst case scenario is to close the gap at 22.14 This is just my assumption and is not an investment idea. If you...
NIO seems to have been following this downward channel for the past three months, volume has been nowhere near what it is was in the past.
A close over 40 would be bullish for me but although I am overall bullish for June... if it can't break and hold over 40 , I will be looking to short NIO back down to ~30.
(VERY BOLD PT: 28.20)
Happy Trading!
There's been this parallel channel in NIO's price action that I've been following for a while because my friend bought up a bunch of it and did very well. I started watching the chart just to see what would start to materialize and (since he's somewhat of a novice trader) I thought it might be a good idea for me to keep my eye on it in case I saw any potential...
NIO - very popular among retail investors and stock market enthusiasts Chinese company is a centre point of attention since it dropped over 50% for the past few weeks. Good news for all traders who bought for $60 and become long term holders! NIO will soon drop to $20 and then "To The MOON" So hold your horses, sell your kidneys and set Buy Limit orders :D
It's...
If you have not seen the Tesla analysis, check it before seeing this. NIO showing the same patterns as Tesla. If you check the charts, both NIO and Tesla blew up around the same time in Oct 2020, and both broke their bullish phase around the same time. No more information on these two than this. but I will research more on it.
First Idea. Looks like NIO may break this and continue to the upside. Looking for a short play to the upside. Sell half my position at 59.35. SL: 54.67
