Nio's stock journey:
IPO at $6.28 in 2018, peaked at $62.84 in 2021, now around $5,60/share.
Enterprise value peaked at $91.4 billion, now $10billion.
While the stock has lost 41.2% since new year, there is light at the end of the tunnel as the stock is in oversold territory and January sales expected to be better than predicted earlier.
* RSI finding support...
We see a channel where the price have been in, majority of the time.
The circles indicates extremes, circle on top is a result of low interest rates and Covid money supply and the lower one is the correction of the first.
This volatility have tested many industries, especially real estate.
Have we reached a point where the channel is attracting like a magnet...
Quite interesting setup.
Also below are interesting points to consider:
1. RMB vs us dollar, approx +8% gain favor RMB
2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8%
3. NIO selling mostly in China benefits from the strengthen of RBM
3. Commodity prices are down on average -30% from peak levels
4. Lithium...
Halving of Bitcoin is 1,5 year away, and Bitcoin dominance are at lows of 2018.
Before the halving, investors tend to load up - and they load at lowest level possible and ad up during the up waves.
Lower levels may be around 8-10K before the reversal and consolidation period starts, accumulation increase towards the halving in May 2024.
NIO earning report shared with the market their ambitions and expectations on Q4.
China Covid lockdowns are being lifted at some regions, specially Hefei (outbreak early October) where NIOs plants are located.
This change will correct the delays in deliveries.
Sales growth YTD +32%
“ CEO William Bin Li said in a statement that the company has seen strong...
Sharing some thoughts of what I see.
Bitcoin might be moving towards lower levels and create a bullish divergence on 3D.
MACD looks like it might need another support before breaching out. (Proof of investors coming back to accumulate).
Bitcoin dominance are at levels of 2018, when price started to hit lower lows. Market dominance shows have Bitcoin investors...
Massive drop and floor confirmed.
Weekly indicators pointing at reversal trend, at the same time there is potential for a bigger breakout from the pattern.
$WTC #WTC
One of the most interesting blockchain out there when it comes to supply chain transparency.
With new regulations about climate change and higher transparency on supply chain emissions, WTC can have a great opportunity to take lead in other areas where transparency from supply chain is needed.
Technical, it looks like an bomb to explode, and moneymakers has...
Given world monetary policies, we might se an correction on gold coming weeks.
The question is if the circumstances will change and 1680 will hold and get back in a bullish divergence. Or, will we see any changes in the global economy which will give support to buying gold as a safe store of value in stormy days.
Interesting time. What do you think might be a...
We are facing the BTC halving and the big question is are we seeing higher highs or lower lows?
The big difference to other halvings is the fear of Coronavirus potential second wave.
Bitcoin is surging thx to people moving big amounts of money outside of SWIFT.
In a pandemic economy where lots of people are more cautious and fearing a second wave, I believe the...
The world economy is in an extreme situation.
Factories all around the world are on survival mode or completely shut down.
Central banks are printing money in a brutal level then ever before.
They are actually saying that "this unique situation with Virus is not our fault"
Well.. thats something you can tell to the average guy that dosen't now shit. As you make...
This pattern is pretty accurate.
Every time we se a death cross between MA100 and MA50, we drop aprox -29%.
Right now, there is high probability for a new death cross.
Last time we saw a correction, Bitcoin felt it badly. What’s next this time?
Cash out and new low.. or cash into Bitcoin and BTC goes nuts.
Comment below what you think.
Bitcoin is about to repeat itself from 2018?
Green area is where the buyers show up. Right now we can see the MA200 resistance.
After a potential knock down to green area or even below.. we can only wait for a new big move!
Happy hunting!
Seriously, could the setup be better then this?
Bitcoin did a huge race from 3k to 14k in 6 month, just to prove everyone its capacity.
Now Bitcoin is getting real beaten, just so it can stand up stronger.. and what a stand bitcoin can have if it decides to be the 3rd wave. What doesn't kill you makes you.... stranger!
So if Bitcoin did 3k to 14k in 6 months,...
