NASDAQ:NIU has bounced up from its low of $2.57 in October.
BUT in early December, it tried to break $6 and failed.
Then we had a couple weeks of consolidation.
So far this year, we've tried to break above the previous 2-week candle, but it has failed so far.
I venture that by the end of January, we'll breach the previous 2W candle's low ($4.62) AND continue...
Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles. It also provides...
pretty good looking setup entries between 10.50 - 8'ish
first target around 17.9 if they gain it next is 26.3
if they gain 26.3 probably gonna see 43.
17.9 and 26.4 are enough for me to sell it and go look for some other stuff to buy.
Have fun and remember manage your risks
Cheers
Long entry level is a break of the top trendline with an uptrend.
Consolidation pattern and can break either way. Just seems like it wants to break to the upside but no way to know for sure.
No recommendation.
In Q2 2021, the company generated CNY 944.7 million in revenue, with a year-on-year increase of 46.5%.
According to Niu Technologies' Q2 2021 financial announcement:
- Revenue rose by 46.5%, reaching CNY 944.7 million.
- The gross profit margin was 22.7%, compared with 23.0% in the same period of 2020.
- Net profit hit CNY 91.8 million, representing a 61.6%...
It's a trade more risky! And first time when i use this strategy!
R/R 1/4, you can see SL zone of supp/trangle and Entry on chart!
Good luck this it's not a financial advice!
Fundamentally NIU is one of the best electric scooter manufacturer brand in china, they increase sell in asia market every quarter of the year.
I have three price target for NIU
37 $ in the end of june
53 $ in the end of august
80 $ in the end of the year.
NFA.
Earnings 5-17 before market open,
Head and shoulders patterns do not always do well in a bull market. There can be more than one head and more than 2 shoulders in some cases.
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and...
$NIU Target 40.50 for 28.21%
This is just an IDEA and I don't have a position at this time... honestly... I'm eyeballing that 22.90 level... so I'm going to say short for this one, but anything can happen... That's why I have options in both directions. Nice profit range here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and...
NASDAQ:NIU has good footprint forming a VCP in the last 13 weeks while above the 200 day moving average. Is not the best type because I like to see this with price also above the 20 and 50 day moving average, but still is worth to look at. Is very possible that a good rally is on the way. Also, the stock has a 92 rating for the IBD Relative Strength; one of the...
