NIO: You must be aware of this KEY POINT! [Trend Analysis].• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post);
• In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5;
• What’s more, NIO is quite close to the 21 ema in the weekly chart, another resistance level, and doing a Hanging Man candlestick pattern (so far);
• However, in the daily chart, the trend is bullish now, as NIO is doing higher highs/lows and it is above the 21 ema (which is pointing upwards);
• If NIO triggers another bullish pivot point by breaking the $14 area, it will probably break this Flag upwards, and in this scenario, the next resistance around $21 becomes the target;
• Therefore, the $14 is the key point here. It all depends on how NIO will react near this price level. I’ll keep you updated on this.
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NIO
NIO purely technical playAs per chart, I think NIO will be a good short-term buying opportunity. NYSE:NIO
A retracement towards the mean/middle KC is probable in which it is also good time to consider entering a short position then. I would not short now since we are pretty much at single digits. NIO is not NKLA...
Look to enter anything above 15$/Sub 20$.
EV stocks have taken a battering just like the rest of the market, but I believe we may see a short-term rally before another dump down in Q1-Q1 2023.
Monthly high of 13$ in December would be ideal, and it can definitely still reach it before NY. That would also be ideal TP1. TP2 at 15$...
(Disclaimer pure technical play, no fundamental analysis)
NIO: Trading around a CRITICAL RESISTANCE! What's next?• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered);
• As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual;
• As we already mentioned, only if NIO breaks this upper line, it’ll completely frustrate this Flag, and it’ll reverse the bear trend;
• Either way, it is good to see it breaking the 21 ema with such strength. We don’t do that since September;
• Although NIO is trading near a critical resistance, there’s no top sign on it yet, indicating a pullback. If we see one, it might retest the 21 ema, or even the base-line again;
• The situation is critical (again), and the next movements will tell a lot about how NIO will perform in the next weeks, maybe months. I’ll keep you updated on this.
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NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
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IS IT Finally Time To Buy NIO !!!. Nio is one of the dominant players in China's hot electric vehicle (EV) market , and the company had to suspend operations at a couple of factories last month as lockdowns were imposed.
Fearing Nio's production and deliveries to take a beating, investors dumped the EV stock -- Nio shares lost nearly 33% value in just one month through Nov. 9. One day later, Nio proved its critics wrong.
The EV manufacturer beat third-quarter revenue estimates and sees significant growth in car deliveries in the coming months. And Nio's growth plans are even bigger. So if you've been watching Nio stock plunge this year but haven't pulled the trigger yet, it's finally time to buy the EV stock.
Now Backed by 29% higher deliveries, Nio generated roughly $1.8 billion in revenue in Q3, up 32.6% year over year
WHY WE DECIDE IN REVENUE TO BUY NIO AGAIN ?
Nio is planning to launch five new models in 2023 , is still eyeing a mass-market brand , and expects its gross margin to hit 20% to 25% next year if battery costs fall.
The company has a lot of cash, so it has the leeway to invest billions of dollars in the research and development of new models. That's what the company plans to do to remain a prominent player in the world's largest EV market, China, even as it expands its footprint in Europe. Europe is also the only international market Nio has ventured into so far.
The markets may expect Nio to grow even faster, but Nio's confidence in delivering a record number of vehicles and growing its revenue by 75% to 94% in the fourth quarter despite macro headwinds is nothing to sneeze at. That alone should reinstate investors' faith in this EV stock that has slumped so dramatically to prices last seen more than two years ago.
from technical view we see that stock price is going to hit 30$ in 2023 as primary target
***All of the above are published for educational purpose which is not an investment recommendation
REVENUE RESEARCH
AMMAN / JORDAN
November 12
NIO: Next targets + Weekly analysis.• NIO hit a very important support level last week, and it did a bullish reaction;
• The support area made by the purple trend line + $9.40 is the most important support level for NIO. If it loses both lines, the next support is at $5.70;
• This week’s reaction was quite intense, and NIO is trying to reject the bullish reaction from last week;
• If NIO reacts after earnings, it could bounce again to its 21 ema, however, if it loses the $9.40, any possible bullish structure will be rejected;
• Let’s pay attention on how it’ll react near the lines plotted on the chart above.
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$BABA 2nd entry 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
1st Entry: $90
2nd Entry: $82.5
Take profit: $180
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Nio (NIO) | Attractive $10 vol.2Hi,
Technically speaking not the best criteria but not so bad either so I would like to share it as an idea. Combine fundamental analysis with technical, fundamental is your own thing but some technical viewpoints are:
1. The round number $10
2. Gap fill from 2020 June
3. Fibo Extension
4. Previously worked resistance level
Do your fundamentals, it should be a strong one because be ready to grab it from lower prices as well but to start building NIO positions it looks correct spot, at least technically speaking.
Good luck,
Vaido
NIO - GAPPED OUT OF ITS BACKSIDE!!!I'll start by stating, I’m a fan of NIO, and I’m not looking to shit on it at all, this is all purely TA, I haven't factored in any fundamentals (please comment with any you're aware of - sharing is caring! :) ), this is purely an outlook for long term holders, but also with a scope for my fellow day traders who might want to note the more longer time frame levels so they can factor into their intraday TA.
Being brutally honest - I don’t feel there’s a positive outlook here! NIO has some rather interesting gaps formed at certain stages of past market action, and as such I myself am keeping an eye on the gaps.
Let me explain what’s going on with my chart;
ORANGE BOXES = GAPS formed on the daily (D) timeframe:
- 7 In total – Ranging from:
- The lowest at: $2.57/61 (0.04c gap)
- The highest at: $58 (0.60c gap)
BLUE BOXES = GAPS formed on the weekly (W) timeframe:
- 3 in total – Ranging from:
- The lowest at: $9.35/$10.51 ($1.16 gap)
- The highest at: $26.35/$27.22 (0.87c gap)
- Middle at: $19.42/.82 (0.40c gap)
- $2.43 total gap’s price.
RED TREND LINES – 2 in total –
Top trend line goes from highest wick ($66 / Jan ’21), down to Jan ’23. Price touched and retraced from this trend line at end of June 2021 (W/28.06) , and then once again in November 2021.
Bottom trend line intrigues me – its just below a daily gap that was formed during the 2020 pump, which was filled January 2022 (2 years to fill). The bottom red trend line sits just above this zone, and has also proven to be strong resistance – this was tested multiple times this year
MY PREDICTION IS AS THE WHITE LINE PROCEEDS MY FRIENDS!
The best of luck to all trading/investing, and lets all be nice to one another whilst sharing idea's!
NIO LONG So here we have a buy trade being executed at $10.20 to the resistance level of $11.70 which may go higher so we will secure partial profits if it reaches our target of 11.70.
I will be watching to see how price reacts to this level if we get an impulsive down candle the trade will be closed in profit.
We may look at shorts in the 11.70 area also but this will be updated if we take a short trade.
IF STOPPED OUT- We will look to buy again around 8.40-7.00.
Any thoughts much appreciated.