Using my own Kaiju Trading Strategy, I've noticed a buy zone around 5.80$, would be nice to DCA around there for mid-term investment
Stop loss is below 4.5$ or you can DCA it if you are not in a hurry for quick profit and want to hold long-term
NFA DYOR
Price played out nicely as analyzed last week, giving us a -16.48% move to the downside. As price is over-extended to the downside, I'm expecting a bullish retracement from here. Target for the bullish move will be the bearish order block at 7.67.
The development follows another milestone for Chinese auto exports after they hit more than 3 million vehicles in 2022 and over 2 million in 2021, the report said.
The latest record was driven by a surge in exports of new energy vehicles, which climbed 77.6% in 2023 to more than 1.2 million units, according to the report.
Overall auto sales in China climbed 12%...
NIO has been bearish for a long time now. We were initially in a megaphone pattern and rising wedge, which resulted in a dump earlier this year. We tried entering back into the megaphone but failed. Now we are in a macro descending triangle and micro head and shoulders pattern.
I do not like the chart, therefore I will rate NIO as a sell on the next test of...
NYSE:NIO I don't always exit at the right time, but I got it right on this one.
NIO retraced back to the trendline last Friday around $6.
On the weekly chart, THREE BLACK CROWS candles formed, which usually means more downside to come.
I believe NYSE:BABA is a more compelling bet.
Here are two stocks I am currently watching. Lots of big shifts happening across the board in all markets. It is important to stay adaptable, flow like water as Bruce Lee says.
NIO dropped badly during the last two weeks
Price reached bottom of medium trend channel down but long term channel still have space to drop more
I think price will reach 5.30-5.40$ before a bounce can happen (blue arrow)
Yesterday price find support on medium term border and is also possible ad up move to 7$ (light blue arrow)
Nio is poised for a long-term investment. Two of the most dependable indicators have been confirmed almost simultaneously. Combined with a Williams Percent Range of -96, this makes a strong case for a high-risk, high-reward opportunity.
Target 1 and Target 2 pointed out. $NYSE: NIO
All the best.
In the ever-evolving landscape of the electric vehicle (EV) industry, one player that has found itself caught in the whirlwind of challenges is NIO Inc. (NYSE: NYSE:NIO ). The once high-flying stock has witnessed a staggering 90% decline from its peak in 2021, raising concerns about the company's resilience in the face of intensifying competition and industry...
NIO is looking interesting.
Backed by the Chinese Government.
Not profitable yet, but could gain large market share if EV trend continues.
Might be a good swing trade.
Based on 10 Wall Street analysts offering 12 month price targets for Nio in the last 3 months. The average price target is $10.86 with a high forecast of $18.70 and a low forecast of $8.00. The average price target represents a 65.80% change from the last price of $6.55.
A Major Downward Channel is still at play with ta 1st major Gap area that needs to be filled at around $4.70. If it breaks, then there is another gap below that with multiple support areas that could break. Final support at at the $1.19 area. Short at each break for maximize profit
NIO reached the lower margin of the channelup and price can now try to bounce back heading to the next resistance at 7.95 and then 8.50
Breaking down will go to test again LL around 7$
Hi Traders,
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently...
Nio has great long term potential. The short term resistance breakdown presents a good oppertunity to accumulate the stock as excellent prices. The first buy target is at 5 dollars.
I posted this a week ago but not much has changed. It was taken down by moderators because I mentioned something that went against house rules. Nonetheless:
ORIGINAL POST:
Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a...
Price failed to played out to my last analysis. From here, the price is more likely to further mitigate the original bullish order block at 6.50 than to make a bullish move. If price breaks the low at 7.03, we could see a confirmation on the Wyckoff re-distribution schematic started in Oct 23.
