$NIO To Make a Comeback to $35 Level?NYSE:NIO Daily Chart
NIO has just bounced off recent descending channel support, with price leaving oversold territory.
Engulfing bullish confirmation candle is a welcome sign to signal a reversal to resistance levels of descending channel, which looks to be around the $35 level.
Overall longs be wary as market is incredibly volatile and while RSI is showing signs of a bullish reversal, MACD has yet to reflect sign of buyers regaining strength.
Lastly, NIO has been on a downwards trend over the past year so conservative longs may choose to stay out as the overall price action calls for a short biased approach.
NIO
NIO - mid term overviewNIO is in consolidation for long time after big upwards price action in form of falling wedge/channel.
Currently sitting on weekly support with oversold condition on RSI.
Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.
Where is NIO's Bottom? 2 Scenarios NIO has been crushed today despite having NIO day yesterday. The overall market today was bearish and bears were in control. I see two possibilities from here. The most probable possibility is another 5% down within this weak and we hit the strong support channel. From there we go to ATH. The other less probable but possible scenario is NIO keeps going down till 22$ that fills a gap in 4H chart and is a major next weekly support. I am more biased in the first scenario. Lets hope NIO finds its bottom this week and we proceed to our next wave towards ATH.
There’s no such thing as the goose lays the golden egg forever!“There’s no such thing as the goose that lays the golden egg forever.”– Jim Simons
I want to start this post with my last Bullish analysis for NIO on January 2nd, 2021 which is by far one of my best analyses ever:
Then my Short analysis when it was 57, January 30, 2021:
And reviewing the Crash forecast for EV makers in February 2021:
The challenge with no winner, June 30, 2021, when the price was 55:
looking at the NIO performance table you see: 16% weekly, -26% monthly, -19% quarterly, -36% in the past 6 months, and -42% loss in the past trading year!
In other words, anyone who bought the stock in the past year and hold has made a loss..!
My new Target for NIO is 10-12 USD/share in the next 6-12 months!
It may sound crazy, But not for those who follow my NIO analysis in the past trading year..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NIO Day 2021: Here's Everything You Need to KnowThe new vehicle targets Model 3.
NIO held NIO Day 2021, its most important annual event, today in Shanghai's neighboring city of Suzhou to unveil the company's future plans and the highly anticipated new sedan, the ET5.
The following is a live text update from CnEVPost based on content obtained at the event.
William Li, founder, chairman and CEO of NIO, began by unveiling the company's plans for global expansion, saying NIO will enter Germany, the Netherlands, Sweden and Denmark next year.
The company has already entered Norway, NIO's first stop in overseas markets, and opened its first overseas NIO House in Oslo in October.
NIO aims to serve users in more than 25 countries and regions worldwide by 2025, Li said.
NIO plans to have more than 1,300 battery swap stations, more than 6,000 supercharging piles and more than 10,000 destination charging piles in China by the end of 2022.
NIO has provided more than 5.5 million battery swap services to customers, an average of 20,000 services per day.
NIO announced the launch of Clean Parks, an ecological co-building program, and will invest CNY 100 million over the next three years to support the use of electric vehicles and the construction of clean energy infrastructure in nature reserves around the world.
NIO's flagship sedan, the ET7, which has over 20 new features and enhancements in production, will begin locking in orders on January 20, with deliveries starting on March 28.
The company's new mid-size sedan, the NIO ET5, was officially announced, featuring NIO's supercar DNA and a concept designed for autonomous driving.
The length, width and height of the NIO ET5 are 4,790, 1,960 and 1,499 mm respectively, with a wheelbase of 2,888 mm.
The ET5 is NIO's first model with an all-glass roof and is available in up to nine body colors.
It is equipped with the same LiDAR configuration as the NIO ET7, with the component placed on the roof.
The ET5 comes standard with NIO's super sensing system Aquila, as well as the super computing platform ADAM and frameless electric suction doors.
NIO's latest autonomous driving technology, NAD (NIO Autonomous Driving), will also be available on the ET5.
The full functionality of NAD will be available in a monthly subscription model, ADaaS (AD as a Service), with a service fee of CNY 680 per month, which will be provided gradually upon completion of development and validation.
The interior of ET5 is similar to that of NIO ET7, providing an instrument screen as well as a central control screen. The lighting effects inside the car can follow the rhythm of the sounds.
The ET5 will be equipped with AR/VR technology, and NIO has developed exclusive AR glasses with Nreal, an AR manufacturer invested by NIO Capital, which can project a 6-meter vision distance.
NIO has also developed NIO VR glasses, the world's first automotive-specific high-performance VR device, in collaboration with NOLO, a VR technology company invested by NIO Capital.
The ET5 uses a dual-motor intelligent four-wheel drive system with a 0-100 km/h acceleration time of 4.3 seconds and a braking distance of 33.9 meters from 100 km/h to zero.
The ET5 with a 75kWh standard range battery pack has a CLTC range of over 550km.
The ET5 with the 100kWh long range battery pack has a range of over 700km.
The ET5 with the 150kWh extra-long range battery pack has a range4 of over 1,000km.
The ET5 with the 75kWh battery pack is priced at CNY 328,000 before subsidies and CNY 386,000 for the 100kWh battery pack version.
Consumers who use NIO's battery rental service BaaS will see the pre-subsidy price of the ET5 with the 75kWh pack reduced by CNY 70,000 to CNY 258,000, with a monthly battery rental fee of CNY 980.
Under BaaS, the pre-subsidy price of ET5 with 100 kWh battery pack will be reduced by CNY 128,000 to CNY 258,000, and the monthly battery rental fee will be CNY 1,480.
The NIO ET5 is available for pre-order now and will open for delivery in September 2022.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Is the Sell-off Done in Independent EV Charging Stocks?After an eventful 2021, with EV manufacturer speculation at record highs despite recent deflation, the three most visible independent EV charging station stocks (CHPT, BLNK, VLTA) have had a mostly volatile year with a downward bias after the beginning of the year. Although valuations can still be considered rich given the YTD performance of these three companies and ongoing multiple contraction, the long term growth potential and regulatory tailwinds indicate growth from here is all but guaranteed, especially since the EV manufacturer market is expanding and the expectation of a single manufacturer covering the convenience charging needs of all of America and the world may seem farfetched. Range anxiety of the consumer will presumably mandate EV charging neutrality.
The current market share leader of the three, CPHT, seems to be adequately executing a blank check philosophy in pursuit of growth given recent quarterly losses and with the highest sales, some of that growth is undoubtedly priced in given the current market cap. Given the energy revolution taking off and the massive total addressable market, is it possible there will be room for all involved to grow?
Of the three mentioned in this post being all near critical support levels, which would you count on to capture most of the growth of this upcoming sector in 2022? Or has the bottom yet to come?
NIO - POSSIBLE TRADEHello there,
As you can see in the chart NIO is approaching the 0.618 Fib level, and a previous support around 26$
We will enter this trade once NIO touched the 0.618 Fib level and bounce and we will ride all the way up.
Our SL will be breaking this level.
Our Target: Sky is the limit.
Cheers.
$USOIL chart analysis*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*
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Chinese 'Tesla' is going to explode!NIO inc. a Chinese electromotive company is about to grow immensely. It almost finished its correction since january 2021.
Best opportuniny to long term invest after squeezing this trendline and breaking it.
The price should go to at least all time high price.
NIO capitalization at the moment (November 10, 2021) is 67 bil, there's plenty of room to make x10 at least!
Chinese 'Tesla' NIO failed to break through and is very weakChinese 'Tesla' NIO failed to break through.
I was expecting NIO to break the trendline and to explode to new all time high, but it failed.
At the moment there is a chance to complete an 'M pattern, probably take short SL hunt and touch a trendline one again, but the momentum is weak, price is about to crash down.
The very least and bullish option what I expect is it makes double bottom and continues its range during next 3-6 months.
The worst scenario is it collapses down to $16-17, accumulates much more money in that area and then continues its healthy long term grow.
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
$CHPT sniper edition #3*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*
Recap: My teams trading history with $CHPT is nearly perfect. Somehow we just always seem to get this one right. Our average price per share before averaging up today was $20! (View previous postings for details)
My team averaged up on our position today at $23.29 per share bringing our share average up to 21.11. We have also lowered our take profit 2 from $42 to $32 per share.
1ST ENTRY: $20.7
2ND ENTRY: $19.35
3RD ENTRY: $23.29
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $32
If you want to see more, please like and follow us @SimplyShowMeTheMoney