NYSE:NIO Has been on downtrend Descending channel for last 3 years and seems like its getting close to potential break out on Monthly TF!
Upon successful break out expecting 300% gains in near future
#NIO
Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the...
Bio had to be chased a bit but ultimately it did what I expected. if they don't scare you out they will wear you out.
Well, they wore you out first in this case and then scared you out. :D
Hello guys, Nio stock looks like to me as if we have seen a first impulse to the upside.
Now we will see a ABC correction, of which we already saw wave A & B as an overshooting B.(Due to market being too bullish short term)
Expect pull back today, prepare the longs between 4.36$-4.03$
Cheerls legends
NIO has rallied hard (like NASDAQ:TSLA ) reacting off the weekly order block and has arrived at an area of strong resistance. Even though it has broken out of the red declining trendline in the daily chart, it doesn't mean that it has made the ultimate bottom. It can make another connector ("the right shoulder"?) and keep extending to the downside for another...
NIO is registering significant accumulation at the current price level. Net buy volume has increased significantly this past few days -- hinting of an incoming upside reversal.
Higher lows creation on weekly data histogram has been created -- suggesting the current price point to be the last baseline before the coming series of ascend.
The stock is currently...
Hello Guys,
I as count the waves here in the bottom for NIO,
I See us grinding out there slowly with a first 5 wave count and a following abc.
I am looking forward to see if this setup will play out as I see it.
Kind Regards,
Your Mr Mo Money
The idea is that NIO is in a wave 4 correction off the highs and has one more impulse up before it likely consolidates sideways for a long period of time.
Possible count for a finished corrective at an interesting price point.
Now, the only issue here is the impulse count of the last C-wave.
There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that.
The wave 5 here could also not be finished yet, but that's often...
Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.
There are two gaps below which the stock is heading. First gap is at $2.50 and 2nd gap at $2.50. Nio is trending lower in its downward channel with lower highs and lower lows.
Nio price is very near purple trendline
Crossing can be a strong signal for a recovery and a new bullish trend beginning
I suppose it will fail to pass today, heading down to lower trend border at 5.60-5.40$ in the next days
NIO is a good company, ruined by these two, CEO and CFO who are best friend. who kept spending money like crazy and unnecessary projects.
Not focusing on pushing for sales of the car but instead doing stupidity technology that will only drain the company cash flows.
A very screwed up management which may goes to ZERO
Current Zone: We are in the 'zone of despair,' where weak investors feel fortunate to have sold. This emotional response typically indicates a significant turning point.
Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here.
Future Outlook: I predict...
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