NIO Cars Have Four Wheels & A Double Bottom?NIO Cars Have Four Wheels & A Double Bottom?
I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart.
Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks.
What confluences further influenced my position on NIO?
-9 MA approaching the 21 MA for a crossover
-Broke above the weekly timeframe resistance zone
-Bullish Harami pattern spotted on 4H chart.
*Special note- NIO gapped down January 24, 2022. The gap size is approximately 5.08% or 1.32.
The reasons aforementioned is the explanation for my bullish stance on NIO.
*This is not financial advice.
Peace & Prosperity,
MrALtrades00
NIO
NIO, after the crash.Long time ago i published a comparison of APPLE in 2000 (and the following years) versus NIO in 2020
Seems like the 80% crash that was supposed to happen as the bubble burst happened, and this MAY be a buy point for a HODL for the following years, expecting if not the same returns as apple during the last 20 years, at least something not TOO far.
Linking the previous analysis below :D
NIO (NIO) | Starting To Get Attractive Around $10Hi,
Criteria:
1. Channel projection (quite subjective)
2. Mid-number $10
3. Fibo Extension
4. Previous minor resistance can play a role inside the zone
5. Potential gap fill
Do your own research and if it matches with mine you are ready to go.
Regards,
Vaido
"Is NIO Emptying The Cup?"NYSE:NIO
www.tradingview.com
Is NIO Emptying The Cup?
Please drink water my fellow traders because we all need to stay hydrated. Summer time will be here before you know it. Therefore, I encourage you to increase your water intake.
On another note, NIO developed an inverted cup and handle pattern on the daily chart. My question to the trading community is quite simple. Is NIO emptying the cup? I have my cup and am ready to catch the water in case it..."pours". If it does I will "hydrate"!
Strong confluences at play include- The 9 MA crossed UNDER the 50 and the 21. Also, NIO is currently trading under its 200 moving day average of 32.06.
My plan-IF it trades below the green "handle" (16.16), then I will enter a put option swing. However, if it breaks ABOVE the handle (red line of handle), then my analysis will no longer be valid.
~Peace & Prosperity,
MrALtrades00
*******This is not financial advice*******This is not financial advice*******This is not financial advice*******This is not financial advice*******
NIO Buy SetupNYSE:NIO Signal
Entry - $10
Target - $27
Invalidation - $2
Risk to reward ratio - 2.13
Technical confirmations
Gap between $9 and $11 where unfilled orders have to filled.
Price once rejected $10 level and then broke it. We think that $10 level could act as a potential support.
We have a 0.886 Fib retracement level at $9
Fundamental confirmations
Why should price reach Entry level?
Because of the lockdown in Shanghai businesses are getting logistics problems.
COVID-19 lockdown and China political situation with Russia influence foreign investors to sell their stocks.
NYSE:NIO is in the list of Chinese YTD share performance sectors that are vulnerable to COVID lockdowns
Why should price reach Target level?
Debt to equity ratio: <1 (Stable company)
Has a stable cashflow
According to Nasdaq, CNBC long-term price goal - $33
Nio's inverted head and shoulders pattern.Nio began settling into an inverted head-and-shoulders pattern on Feb. 17, completing the left shoulder of the formation between that date and March 1, the head between March 2 and April 4 and working to form the right shoulder between April 5 and Wednesday. The right shoulder is not completed yet, however, and will need additional trading days, where Nio trades up higher toward the neckline, in order to further confirm the pattern.
If Nio reaches the neckline of the pattern and then breaks up through the area on higher-than-average volume , it will confirm the pattern was recognized by the algorithms.
The measured move, if the pattern becomes completed and recognized, is about 91%, which indicates Nio could soar up over the $40 level in the future.
For bearish traders, there is a possibility a bear flag pattern is being developed on the daily chart , with the pole created between April 5 and April 11. If the bear flag becomes the dominant pattern, the measured move is about 19%, which indicates Nio could fall back toward $16 level. The possible bear flag will be negated if the stock is able to recapture the eight-day EMA as support.
Nio has resistance above at $21.77 and $23.98 and support below at $20.25 and $16.75.
Is It Time to Look at Electric Vehicle Stocks?Way back in ancient market history; 2020 and 2021, there was a great clamoring for the latest and greatest prospect of human technological achievement... Electric Vehicle companies! Billions of retail dollars were thrown in a frenzy into speculative bets about "the future of travel". Well, we come to today and investors are relatively quiet compared to the old days. Why is that? Why are investors less enthusiastic about this future growth prospect now, at cheaper price, than they were at much higher valuations? That has everything to do with market psychology and in this video I take a moment to talk about that because I want traders and investors to start THINKING DIFFERENTLY when it comes to these opportunities. There are also some EV stock opportunities happening now in Tesla NASDAQ:TSLA , NIO NYSE:NIO , and Ford NYSE:F that I want my followers to be aware of.
NIO Showing Signs of ReversalNIO stock NYSE:NIO , another 2020-2021 EV stock darling that has fallen from grace, came down on March 15th, 2022 to test its IPO day high of 13.80. Price has since rebounded from this level showing signs of respect for it as support. This week that rally has pulled back to respect the 50% Retracement of the reaction. Resistance is clear at the 50% Retracement of the 2020 rally at 34.13. Taking a long trade up to that level as a target, with a stop below the recent dip, poses a good reward/risk.
I am noticing a potential distinct trend in EV related stocks showing signs of recovery following the "Pandemic Round Trip"
Giving up on $NIOI read countless investors tell me how $NIO is a MUST have stock to have in my portfolio in 2022, however I'm not seeing it anymore. Seems to me the company is in shambles, very few sales, supply chain issues, and this new lock down issue they're facing. I sold this morning, I bought at 21.8, and sold at opening price today, taking in a loss of about 11.74%. I never believe in selling when red, and truly believe in long-term hold profit, however we're at a time of a very near recession, any due diligence must be x10, since it can come at anytime. I think its important we use this platform to also share our losses, since I'd like to share notes with people in a similar situation.
NIO is nothing special, and I knew that from the beginning, I've seen better financials and much better stock price performance. However, long term wise, and maybe after the upcoming recession, or even before NIO will soar, when their orders are up and they fix their supply chain issues, until then I'll count my losses, and avoid NIO till I'm convinced their doing something new. NYSE:NIO
$NIO Key Levels, Analysis, & Targets$NIO Key Levels, Analysis, & Targets
I like NIO. I find it easy to trade, though I haven’t traded it in a few months because the down trend was too strong… and even though I do think that, ultimately it will go lower I think I’m in for a quick swing…
Swing setup
1 at 19.61
1 at 13.72
2 at 10.63
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
If all 3 hit I’d be looking for a 55% swing
And dang… I would love to load up in that gap around 9.50-10.50
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Nio Finally Bullish? NIO
Short Term - We look to Buy a break of 23.79 (stop at 21.92)
We look for gains to be extended today. Price action has broken from the previous formation. The reaction higher is positive and highlights a clear reversal. Short term oscillators have turned positive.
Our profit targets will be 28.11 and 32.51
Resistance: 28.00 / 34.00 / 45.00
Support: 23.00 / 20.00 / 13.00
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Fundamentals on XPEV over NIOIt was apparently last year but having such little history, in a nascent market, the data points couldn't be trusted, yet. However I took a large position in Xpev over NIO for a few reasons.
1) They are not competitors, from a price point perspective. Xpev makes a car by my estimate 90% as good as NIOs and 80% as good as Tesla, but they sell for 50-60% of the cost. Nio is a direct competitor of Tesla. Being a start-up funding/attrition is key and fighting Tesla is capital intensive.
2) Speaking of, Xpev is copying more than innovating, though slilght innovations on the things they copy exist. It's cheaper and faster to copy than it is to innovate. NIO made a bold move adopting a battery swap format. It could work in time but that's the problem, in time. It's a capital intensive and geographically disadvantaged strategy to build swap stations, though it's innovative and clever to offer cars at sale prices minus the battery, and leasing the battery to the customer. I like that recurring revenue and lower entry point potential, but again it's a battle of attrition and NIOs strategy is so capital intensive that even it's short term prospects are murky. Xpev is simple. Simple i like.
3) As you can see in the chart this is playing out on the balance sheet and revenue. Xpev from a unit sales perspective has been catching up to NIO, I attribute much of that to their price point and marketing. But also from a balance sheet perspective they are burning less cash so while margins are lower per unit sold, their capex is also lower compared to NIO to balance that out in favor of XPEV.
4) Bonus reason, XPEV is focused. Mainly China/Asia customer base with no plans to expand to NA. Currently testing select parts of Europe. Again, simple is good. Transport logistics, local regulations, taxes/tariffs all create levels of complexity, complexity increases cost an lowers margins. Simple is good.
I see XPEV out performing NIO throughout 2022. Although I do believe should the overall EV market expand fast enough, NIO will do just fine and a rising tide will certainly float their boat as well.
NIO bullish short term trendWeekly Trend
$NIO is looking bullish on the short term trend awaiting for the downtrend breakout. Looking for a rebound in a short term. Approx 2 weeks
Price action showing some divergence, with the PT of 27.50 - approx till March 24th-ish
Fundamentally, HK listing shows very strong fundamentals without any dilution on the listing.
overall trend, $NIO is still within the falling wedge trend, which is major bearish on the weekly. Long term, looking at price range entry at E1 & E2
Long Term holding Duration approx 1-2 years.
Earnings date:
March 24th
ir.nio.com
just an idea, trade safe and stick with your plan :)
Good luck to all NIO holders. Diamond Hands