NIO is currently trading near the 2022 Point of Control (POC) after failing to breakout at the top of the descending channel. This presents a great opportunity for investors to capitalize on a potential rebound in the stock price. Although NIO didn't breakout at the top of the channel, the current stock price level presents an attractive long-term opportunity for...
As you can see, a mountain top has been formed with a base at the $5 to $1.50 range which will be the price target. It will take sometime but heading there as it is still forming the bottom of the mountain. It also rejected and could not get over the downward channel (right side of mountain).
Another possible breakout on $NIO. If Elon goes well, the rest of the EVs companies share that fate. Plus, is a China stock.
BEARISH HARMONIC PATTERN Still not valid until price close above B . If the pattern is activated the target will be point D which is the completion of the pattern and expect a 38% retracment.
NIO stock remains in a strong downtrend. Generally we expect major indices such as NASDAQ and SPX to continue the downtrend as they already saw rejections from the major resistance line. NIO looks kinda similar as it couldn't break the resistance. We expect the next leg down from where we are. The target for shorts and the buy area to play the bounce would be...
As $NIO is running into the long term downtrend line this could creat an interesting setup. Need to wait if it breaks or fail.
Hi, Technically speaking not the best criteria but not so bad either so I would like to share it as an idea. Combine fundamental analysis with technical, fundamental is your own thing but some technical viewpoints are: 1. The round number $10 2. Gap fill from 2020 June 3. Fibo Extension 4. Previously worked resistance level Do your fundamentals, it should be a...
boost and follow if you enjoyed! thanks <3 NIO entered consolidation after breaking from local downtrend, on the break of 14.38 I expect a push to 16.7-21-24 !
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Entry: $21.31 Take profit: $27.50 Stop loss: $20 If you want to see more,...
Break of the down trend resistance line could mean major upside or a small relief rally. Regardless, money to be made.
• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction...
if you don't like Tesla, Here Nio, the chinese version. - Like Tesla, Nio makes luxury electric vehicles. Unlike Tesla, Nio does not make its own EVs, instead partnering with a state-owned auto manufacturer. Nio, Xpeng (XPEV) and Li Auto (LI) are startup rivals to Tesla in China, the world's fastest-growing EV market. - Nio's great advantage is that its owners...
HS pattern forming at 4H $NIO. We have so far good support on 0.5 Fib level 10.65. if broken we will leg down to 10.40 and eventually 10.
long spot aiming at >12$. gl bois. china should see green from this mornings moves it there turn to pump it some (hopefully) got some march options calls idr the exact ones.
Retest of the support failed and NIO is falling back down. If this continues it could see the low 7's. THIS IS NOT FINANCIAL ADVISE SIMPLY PERSPECTIVE
Market Conditions: - bearish trend - correction movement - bullish sentiment in the market Key Level and Lines: - $11.81 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Wave 5 looks to come into the $7 - $4 area, depending on the extension of this wave 3 coming up.
Rising RSI, Short term wedge, Safe distance between break out and major resistance line. I'll take this bet with a tight stop below the 2020 support line.