-63% decline from ATH
-Daily Red 9 (exclude the random 1 off green counts)
-4 hourly red 9 buy signal
-falling wedge pattern.
-Quick extreme change in emotional sentiment, from +50 Billion dollar darling innovative company that was worth every penny of the valuation, to all of a sudden 60% drop, and all the recent articles be like hey,...
I have advocated for a buy the dip at 31K (see previous posts)
I have sold at 37K due to the following reasons.
-TD sequential red count continuing
-Daily below 20MA
-7EMA/ 20MA daily cross
-Funding rates and premiums YTD high
-MACD Daily still bearish
-RSI downtrending, although above 50.
If prices reach around 27K that would be a perfect buy.
Unfortunately the Nio momentum has pulled back due to the overall market sell off last week.
Now we should be back on track
-The Tom Demark count on 4 Hourly is on a red 8. Red 9 Buy coming for tonights trading session.
-4HR 20 MA support should probabilistically bounce the price
-Trend is up - Assume the trend, buy on dips.
Still holding my...
Reasons to buy.
Mass fear ongoing with the lawsuit.
Pretty much every indicator is a high sell.
Wall street Journal says 3 reasons to stay away from Quantum scape.
50 day MA support
0.7 Fib support
Triangle formation with narrowing - break out anyday now
Gap at $85 Target
Risk rewards is 50% to the upside vs 5% stop loss to the...
Many reasons to buy. ignore the news.
Maximum fear due to court issues / performance issues etc, like after literally pumping 10x like crazy within a month.
- 50 Day MA support
- 0.713 fib support
- double bottom formation
- %60 drop from all time highs within 2 weeks.
I expect a 'fear rebound' and probable outcome is the gap close at $83
Tesla has destroyed all bears once again, including myself.
Tesla's break out once again is launching the stock price higher -
This time the stock has entered the vertical phase of the parabolic trend
This trend line holding yesterday was a vital part, and a confidence boost to all bulls.
No need to be bearish on this stock until the 800's - then wait and...
NIO has broken out of the triangle consolidation to the bullish side - That quells a lot of the bear fear in this stock.
A close above the prior swing high ( approx $49.60) and it is a clear Long for me.
MACD daily about to cross over to the bullish side
50D Bounce of with continuation to the upside.
Tesla Breakout out as well - Hence Nio should follow suit.
PLTR breaking and closing above the symmetric triangle was a confidence boost for the upside.
Currently most ipo/ hype stocks are selling off whilst money heads into the stable stocks of the SP500
Warning to PLTR long holders - A close below the 20 D SMA is a warning for further price decreases.
The MACD is also in negative territory
Would I go short on this?...
Nio is potentially forming a descending triangle
If prices actually move back to touch 39.50 again, this creates the descending triangle at play. a 4th Touch drastically increases the probability of a downwards break.
A break below the support $39.50 is a disasterous scenario for Nio - I am not predicting this would happen, rather preparing and reacting IF it...
Why this chart is bearish:
Moving averages - short term and medium term down.
TD sequentials - Red count on higher time frames ongoing
Chart analysis - Descending triangle : 65/35 % chance of down/up respectively
Why this is a better short call than last time -
Last time the RISK was the swing high at 480 - 20+ % which makes a very high risk relative to...
Snow has found Support at the 20D SMA
Given the stock release sell off fear is now over, only good days remain for now
I 'm aiming to buy here and sell prob 380-400 region, and assess further re can it go higher.
Assume the trend
Symmetric Triangle formation
High risk reward trade no matter what position you are taking - as the risks are defined and narrow given lower volatility.
I'm betting on up and so should anyone until proven wrong.
Triangle targets $40 if it goes to the upside.