NIO set a new low today, thank you trade wars!
The price doesn't show any momentum of changing direction.
The price must stay above the green/blue trend line to remain out of the "fucked zone".
Might as well buy more puts.
It has been a interesting day for NIO investors after a highly unusual amount of call options were traded today, with no positive news. Speculation is rife that there is a possible tie up with APPLE on the horizon. Acting upon A rumor alone would be a very risky strategy to purchase 166,000 call options. This will be on the watchlist Monday for option...
NIO, or "Cheap Chinese Tesla" as I call it, turned bullish and has entered the long zone today. This is one to watch this month.
Now, I think NIO is a strong play for the next 12 months but there is also the potential it could reverse one last time still.
Or, more likely in my view, a push up, followed by a decent pull back.
I am not a long buyer until the...
NIO is showing bullish reversal patterns. The bottom may be around currents prices.
RSI shows higher high while prices show lower low, a classical reversal sign.
Take a look at the Doji reversal as well.
Three potential targets at 21%, 66%, and 100%.
Protect your capital with a stop loss if you are just entering this trade.
Good luck and thanks for the...
Seems like an inverse head and shoulders with two heads and we are right up against the neck line (as well as the 12-day EMA).
Divergence in MACD and RSI is looking bullish, now we just need some volume and followthrough.
The price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should...
NIO is probably a good buy, long term.
But short term, I'm seeing nice profit off my NIO short term puts. NIO could turn out to be the buy of the century... at $2.80 :)
We can see here, NIO is coming to the end of the wedge it began forming on April 1.
The price (and market in general) was pumped up in the last 10 minutes of trading today by algo panic buying,...
NIO is in some serious trouble. They have been horrible at deploying the dollars and to this date still don't manufacture their own cars. With no direct line to profit and closing their office in Silicon Valley they can not operate without some kind of cash injection. I think NIO is left without a seat in the musical charis of cash possible BK Q4.
NIO, or "Chinese Tesla" as I call it is a Chinese Electric Vehicle stock. The company also provides mobile charging stations throughout China which is a nice hedge considering the current gluten of Chinese electric vehicle startups abound.
From a technical:
TA is somewhat limited on this stock due to it's young age and lack of a history, other than the falling...