Nio Descending triangle breakout?Hello guys I’ve been looking at this chart for the past few weeks and noticed a descending triangle forming. If the breakout is confirmed my price target would be 46.29 as that was a previous resistance from March 15, 2021. If that level is broken then my next pt would be 54.20and that was a previous support. If this plays out well we could see nio heading back to it’s all times highs in the next upcoming weeks. However if nio doesn’t confirm the breakout we could see it pulling back to support at 34.87
This is just my idea and this isn’t a financial advice please trade at your own risk. Happy trading!
EV
CNC $5.8 Price TargetBeautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its way back up. And of course again at supports, and again below support up to $2.5
You're welcome in advance.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
Tesla - Two possible pathsHere is a look at the Tesla daily chart.
There's a pretty clean count giving us a 5 wave move from the end of 2019 to the beginning of 2021 resulting in ATH of almost 900 in Jan.
From there, we have a low of about 540 at he beginning of march. There are two possibilities here:
1) We are in an extended correction and an incomplete WXY more, or
2) we found the bottom at 540 and are now in the next impulsive wave up.
1) If this is the bear case then we have just completed the X leg, peaking at 780, which is just past the 0.618 retracement of the W leg. We could continue to head down from here, to complete the Y leg at the 0.5-0.618 retracement of the previous 2019-2021 move. This puts us at anywhere from 370-470. This scenario however is unlikely in my opinion because we have now broken above the 200 MA and the 21 EMA (green) has crossed the 50 EMA (yellow), with the price currently holding above the 10 EMA (blue). This gives us several support levels that the price would have to break through in order to move further down.
2) The more likely scenario in my opinion is that we bottomed out at 540 and began a new impulsive move, giving us a retrace to the 0.618 level for a wave 2 and are now in a new wave 3 which extends to the previous highs of just under 900. If we look at the IV rank and IV% they are both quite low, indicating that a big move is on the horizon. The RSI has also been recently rejected off the overbought levels and could attempt another cross that is sustained for a week or two, as was the case between Aug 17-Sep 1 and again from Nov 18-Dec 9 last year. Sustained overbought conditions paired with the potential of a large move in price could take us from current price to the wave 3 high (and previous ATH resistance) around 880-900. Further supporting this scenario is that analysts like Gary Black (@garyblack00) have a FA target price of $960 6-12 months out, which lines up with the Wave 5 target of 974-1057 that my TA shows by EoY 2021.
I have linked my previous looks at tesla which have played out as predicted so far, however i no longer think we are in the bear case as the overall market is also rather bullish. Minor corrections aside, i don't see a large drop over all for the next several months. Of course DYODD.
Great company simply overpriced.I am short Tesla as many others are especially with these inflated prices. I feel that they will be hit the hardest in a crash after having their price inflated to such absurd degrees. Tesla will continue to dominate the electric vehicle sector , however larger companies such as Ford and GM will be taking a large share in the EV market away from Tesla. My price target for Tesla is $400 with the possibility of dropping even further down to $350.
Ford is a great long term holdFord has survived through everything for hundreds of years. They are one of the longest surviving companies out there and are still doing great! With the new CEO Jim Farley they are undoubtedly due to break out here soon and see new highs. Ford has completely changed their entire lineup to EV in a years time and have already proven these cars are capable to stand up to the competition. I am very bullish on Ford long term and I think they will continue to climb as the sales come in for the new EV lineup. There is also a new Ford Maverick being produced which will be a fully electric truck at around $20,000! Absolutely incredible. I have full faith in Ford to pull through in the race for electric vehicles as they always have. The stock is considerably undervalued currently and my price target is $25.
$NIO Bearish Chart Technical AnalysisWe all do like NIO. Huge potential, great incomes, shows its value in the field.
Although we can see 2 bearish patterns on NIO:
1. Head & shoulders
2. Descending Triangle
We can also see that the support on 35$ is starting to get rejected strongly by the resistance line.
If broken below 35$ support next one is going to be the 50W-EMA which might be a strong support that will help us break above resistance.
Indicators:
- MACD is very bearish.
- RSI is neutral but below 50. Indicates a clear downtrend.
I am personally very bullish on NIO on the long term. On the other hand, NIO for me is a SELL for the short term.
This is not a financial advice. Posting for educational purposes only. Use it at your own risk.
CCIV finally timeArea of value here with a nice stop loss right below the support. Low risk entry point in my opinion. Enjoy!
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EXRO Electric Power House of the future?! This is not trading advice just my personal point of view.
The chart is self explanatory. Pay attention to lines of convergence. This company has major potential!!!
They are just beginning to commercialize their proprietary tech to revolutionize the electric motor! This is MAJOR!
Bullish level we observe on NIOToday we will continue with a series of posts we started on NIO; Our objective is to define clear filters on the stock and then trade if the price full-field our filters.
First, let's take a look at the big picture:
Here we can see 2 key structures: The ascending trendline and the support zone. Currently, those levels are converging, and the price is exactly there. From a technical perspective, we can conclude that we are in the best zone in terms of probable scenarios to find a reversal movement.
Now, let's take a look at the main image (post image)
We can see that the price made a clear formation (yellow lines) after breaking the descending trendline. The formation has been between those yellow lines for 25 days. On April's one, we saw a first breakout attempt on the structure. We are observing this small white flag pattern on the edge of the yellow one, and we think that the breakout of that pattern may be the trigger for the bullish movement we are expecting.
Final Conclusion: We have an activation level of 41.08, meaning that if the price reaches that level, we will consider that our bullish view is ACTIVE. Our invalidation level is set below the structure and below the massive support zone at 36.49 (that will work as a stop loss level or as a cancelation level for the setup). Our first target is the next resistance zone at 46.00 (there, we will move our stop loss to the entry-level "RISK-FREE"). Our final target is 53.90 (there we will close our full setup) / The risk rewards ratio that this situation offers is 2.75 (that means that if we risk 1USD on this setup, we are aiming to make 2.75USD, If you have a 50% win rate then congratulations, you are profitable)
Thanks for reading!
Tesla Breakout is Almost hereTesla, which leads the Ev sector along with a very high weight in the leading indices, cannot be left behind .
It's not if but when.
The aid packages are coming in and the market looks optimistic , Tesla has fallen about 40% during the last quarter and it's time for it to go back up.
I want to touch the technical part of the stock - it can make an optimistic point about what's to come.
1. The Obv have slight deviation up and overall looks normal
2. We are leaving the overbought area, making room for a new entry of investors
3. The most important part of the ema's is located between the 20/50 ema's that currently constitutes short-term support and resistance
Followed by an Ema 100 very close and he is another support for us.
4. Fibonacci is currently in the same line as Ema 20 support point and if the stock breaks below the Ema 100 the next support will be on fibonacci 61.8 located at the bottom of the triangle , if we get there it will be a last support point before breaking down.
A breakout over the range of $707-$722, which is our entry point, puts the stock on a rising trend that will take full advantage of it.
Entry Point:
714$
722$
Stop: 590$
Supports:
Ema 100 - 565$
Fib 61.8% - 615$
Indicators:
Obv
W%r
Ema 20/50/100
Fibonacci Ret
* There is no buy / sell recommendation in the aforesaid ,
New position, MP materials LONG!After due diligence, I really like this company and it' future expansion plans and current execution.
My PT is 45-47 so there is a lot of potential with this one.
Hoping for more short term weakness to build a position (I am not expecting all my buy limits to get it, but if they do, even better. After position has been built, I'll let them roll until PT is hit.
What do you guys think of MP materials?
Seeing it from a risk-reward perspective for the long-term I am really liking this company!
BLNK Breakout of Ascending TriangleBLNK gapped up on Thursday morning, breaking out of the ascending triangle (green lines), but trended down the rest of the day due to the market sell-off ahead of the 3day weekend. However it managed to close right at the top side of the triangle ($41 level) which also happens to be the 50% fib level. This will act as a very strong support level,l and if it holds, we should see $48 for BLNK this week. By late April, we should see BLNK retest the December high of $56.
NIOMission:
The future is in smart, electric and autonomous vehicles, and we aim to lead the way. Our Chinese name, Weilai, means Blue Sky Coming and this is represented in our symbol. The top is about the sky, openness, vision, the future. The bottom part is about the earth, direction, action and forward momentum. Blue Sky Coming is our guiding philosophy and stands for our commitment to a brighter tomorrow.
News:
1. SHANGHAI, China, March 26, 2021 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announces that the Company decides to temporarily suspend the vehicle production activity in the JAC-NIO manufacturing plant in Hefei for five working days starting from March 29, 2021 due to semiconductor shortage.
2. NIO delivered 7,225 vehicles in January 2021, a new monthly record representing a strong 352.1% year-over-year growth. The deliveries consisted of 1,660 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,720 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 2,845 EC6s, the Company’s 5-seater premium electric coupe SUV. As of January 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 82,866 vehicles.
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