Electricvehicles
NIO!! $Nio is looking to make a parabolic move similar to its counterpart, Tesla.
After a establishing a bottom base at the $1-$2 range, $Nio exploded to $5.65 and has consolidated nicely to form a new base of support at the $4 level.
If this does shape up to be a parabolic advance the current level would be the 2nd base. A move up to the $6-8 range would be the 3rd base which could be followed by a near doubling in price. This move would happen rather quickly. My aggressive targets are above. I have made entries at the $4 level with stops below the consolidation lows. This would make for a nice R/R
Can NIO Finally Confirm a Move Out Of Penny Stock Territory
" What has been the biggest driver ? Sales momentum is a big focus for the public right now. In fact, Bank of America Securities analyst, Ming-Hsun Lee reiterated a Neutral rating but increased the price target to $3.90 from $3.80. The shining factor had to do with “strong sales momentum since August.” Can Nio continue this momentum in 2020 as Tesla rolls out more EV’s in China?"
Good question. But finally, NIO is showing real signs of life. Let's just hope sales momentum continues. I think the first quarter is going to be interesting to see the January - March figures as Tesla goes live
Quote SOURCE: Best Penny Stocks To Watch This Week? 1 Up Over 210% This Year
NIO: buy on pullback toward 70 RSINIO was already a great price even before its earnings report. The earnings report sent it soaring higher, but based on the earnings outlook, it still may have room to climb. I think the stock could see $5 per share soon. However, first it will probably pull back this week toward 70 RSI. I'll be buying the dip and looking for a move higher. This is a swing trade, not a buy and hold, because the company hasn't turned a profit yet.
NIO The Big FlopEarly this year I made this chart after the 40% cliff fall from $10. Now that these parallel lines have been breached I look for the rebound above those lines. As far As I am concerned this stock is dead until then. I also would like to point out the overwhelming bullish sentiment in the community. Usually this is a heavy indicator for more downward movement. As always I follow 3 main rules while applying basic charting and geometrical proofing. 1.Block all noise. 2. Charting and volume. 3. Have fun and make money.
Stay far away from $FUV | #Arcimoto until it finds SOLID SUPPORTStay away from $FUV until it finds SOLID SUPPORT! Former resistance will likely flip into support in this particular trade idea, so that's where we will consider entry! Or you can SLOWLY ladder into a SHORT position here as well!
