Lots of issues with Nio, from technical standpoint and China. Chinese stocks are notorious for Pumps and Dumps, I have been in market for over 20 years. Chinese stocks have never panned out well these 2 decades. FYI, I bought Nio in the single digits and sold at the top around 60s and 50s and began shorting since then because the there were too many red flags. ...
Today is a very great short opportunity at the top of the channel. Lots of downside potential for profits to downside.
Very Overvalued and in overbought territory. Short at the top of channeled. downturned every time it hits the upper channel
Massive Cup and Handle Setup in a massive upward Channel. Price Objective of breaking above $1,300 by EOY/Jan 2022
Still in Consolidation until it breaks out of the 725 area. RSI currently in overbought territory.
Still very bearish technically at the gap at 22. downtrend still intact. I would short on any rally. Lots of negative sentiment around Chinese stocks have been building up. Risk of delisting has been going up.
Very Bullish, after breaking out of Descending Triangle
Today, it pinned the Pennant line, either we continue breaking out or retest lower pennant line one last time before breaking out
Tesla stock has bounced every time it touches the bottom of channel.
Falling Channel still intact, lower highs, lower lows. Short any rally.
Short at the top of channel for maximize profit to the downside. Capture an $8 potential downside move.
Rising Channel, Trend is your Friend. Great buying opportunity for a new run up.
Chart setting up nicely with Schoc RSI oversold and Squeeze Mod is curling into positive. Stock has traced 50% fib level twice which is a very strong support area. It looks like Tesla is about to breakout and continue its bull trend.
Big Bearish Microphone w/ Bearish F Flag. I have been saying this for many days since the flag set up. Good price to short.