NIO STILL MAKING HIGHER HIGHSNIO is still in a uptrend after breaking out of the falling wedge to the upside.
NIO is making HH and HL, if it made a LL on the DTF I would think about selling as it may be reversing the trend.
Relative strength is making HH so follow the trend.
Target 2 almost hit, missed by $2 so far but I am confident that there is more upside.
I do expect a potential STOCK MARKET crash in December.
NOT FINANCIAL ADVICE!
NIO
A review on top mentioned WSB plays..!In this analysis, I will try to cover 12 Top mentioned tickers on WSB Reddit for the coming week!
Rank 1: TSLA: Elon Musk is going to sell, why shouldn't others do the same?
Rank 2: SPY: correction is highly likely..! 2-5%
Rank 3: CLF: After 17% correction in the past 2 weeks could benefit from the infrastructure passed bill..! (possible bullish move)
Rank 4: GME: After getting out of consolidation reached the primary target and could go sideways for a while!
Rank 5: NIO: This week has earning calls, and I do not know any reliable method to predict the outcome!
Rank 6: QQQ: in premarket it is already negative! possible correction!
Rank 7: NVDA: 300-312 will be the resistance level to watch!
Rank 8: LCID: if manage to pass 44 could go to the 60-64 and become the 6 biggest Automaker above GM and Ford, seems absurd but possible!
Rank 9: PLTR: This week's earnings will push it out of consolidation!
Rank 10: PTON: after disappointing earnings and a 35% decline, it could even go lower to 50-49 level!
Rank 11: IWM: small-caps has just got out of consolidation after 9 months! a pullback could be a possible scenario!
Rank 12: PYPL: after a 27% decline, the earnings call this week could do anything to it. I do not know any reliable method to predict the outcome!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/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 bullish runAt this time NIO have it nice run and that run and end 5 Elliott wave price adjustment. Recently, a new wave has begun and it has already passed the first stage, when during the second stage the price will fall to level X, the price will fall by about 2-3.5 USD. The price will definitely come back from this level, as there were two GAP levels in the past, this would be the third time, and everyone is well aware that three are the most important in a technical analysis . So it will be a strong level of support, maybe even a price with RSI or a stochastic indicator will make a difference, and rising prices will create a HEAD AND PET, which would be a very nice and equitable price model with a huge impact on new price levels.
NIO - Strong positive trendAfter a year of shuffling and declining, from October 4th Are in the period of climbing.
Resistance at 45 and 54 is critical
Modifications have been made to the plant so that it can produce at higher speeds, in addition to new models on the way, new orders. Another plant is under construction. And next week a quarterly report that could surprise + NIO DAY ... I believe we will return to the price of the beginning of year 67 and from there towards $ 100 in early 2022
NIO Flag on the week chart.So recently NIO was thrown on the drawing board...
After peaking at $66.99 in January, the market has cooled down a bit and has found support around $30 2-3 times, all of which has caused a pennant to form which would imply that there is a chance of 75% is that this continuation pattern could push the price further up. The upward price target would come in at a good $75. This 100% price target is not what I'm assuming and my focus is initially on surpassing the previously achieved $66.99. in the event of a fall, the price could plunge towards $25 dollars.
Looking at the 12H chart there seems to be a head and shoulder pattern in the making.
Of course this is speculation but one thing is a fact... we are getting closer and closer to the apex (the point where the support and resistance lines cross) and so there is a good chance that something will eventually happen there.
If it doesn't become Head and Shoulder and the bulls want to bring the market up straight away, you could say that an Extended W pattern has formed
If the bears push the price down, things could get tense at the bottom of the support line.
Final words, we have to look forward to November 16, as NIO will then release the 3rd quarter results.
Nice to know is that at the beginning of October, NIO delivered 10,628 vehicles worldwide in September 2021, an all-time record number, representing a robust growth of 125.7% year-on-year. and on September 30, 2021, NIO opened its NIO House and completed its first batch of vehicle deliveries in Norway. And those are some pretty nice numbers too.
NIO delivered 24,439 vehicles in the three months to September 2021, an increase of 100.2% year-on-year.
and cumulative deliveries of the ES8, ES6 and EC6 as of September 30, 2021 reached 142,036
This is not financial advice!
source: motleyfool.com & tipranks.com
COMBI CHART date 29 oktober !
12H CHART:
NIO weekly charts, Logarithmic and None-LogarithmicIn both charts, you can easily see NIO is still below the resistance (red) line!
A correction in Speculative assets with high volatility may look like a new bullish trend.
Recently, the production slips 65% according to news!
NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles.
I do not think this type of news could push stocks higher in a long term..!
However, in a few days, anything is possible in the market!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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: Added Over 10k Orders in Oct, No Chip Shortage for OctNIO said in an announcement on its website yesterday that it delivered 3,667 vehicles in October, including 218 ES8s, 2,528 ES6s and 921 EC6s. That delivery volume fell 27 percent year-on-year and was 65.5 percent lower than in September.
After a short explanation of the dip in October deliveries on the NIO App yesterday, NIO co-founder and president Qin Lihong gave more details in an interview.
NIO's factory in Hefei ran at full capacity for only 10 days in October, so deliveries were low, but sales in October were excellent and reached a record high, local auto media Chedongxi said, citing an interview with Qin today.
Qin said he could not disclose the number of new orders, but said "it's definitely over 10,000, and we've been over 10,000 for several months in a row."
Chedongxi reports that their visits to NIO stores also confirm Qin's claims. A salesperson at an NIO store in Beijing's Wukesong said the store sold more than 100 units in October, a good month for the year.
"Because loan rates are going to be raised in November, 1,400 cars were sold across Beijing on October 31 alone," the salesperson said.
The company attributed this to lower production volumes due to production line restructuring and upgrades and preparations for new product introductions between September 28 and October 15, as well as certain supply chain fluctuations, but did not provide more details.
In the latest interview, Qin said NIO began a revamp of the JAC NIO manufacturing site in April and May this year to allow the ET7 to be produced and delivered in the first quarter of next year and to expand the plant's capacity.
The renovation was carried out in several phases so as not to affect the production of NIO's existing models, with the latest upgrade, which began at the end of September, being a very important phase, Qin said.
One of the tasks was the expansion of the body welding line, with more than 100 new robots alone. "After the equipment goes in and is commissioned, there's another week of complementing the line and capacity creep," Qin said.
As some car companies continue to blame the chip shortage for the decline in deliveries, Qin was also asked by Chedongxi if the decline in NIO deliveries was related to that, and Qin answered in the negative.
NIO's factory was open for just 10 days, and that little production wasn't enough to be affected by the chip shortage, he said.
Separately, according to Beijing News, Qin said NIO's current production pace is normal and orders in the clog will soon be cleared.
Consumers who order NIO vehicles now can get deliveries in six weeks at most, Qin said, adding that NIO deliveries will get back on track in November and December.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
$RMO grab it before its hot*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*
My team has been analyzing lithium-ion battery company $RMO for the past couple of months waiting for the right opportunity enter this battered down gem. Today was that day. My team anticipates players who are interested in $RMO to begin adding while shares are still cheap for a nice run-up into earnings.
We entered $RMO today at $4.45 per share and have set our first take profit at $5.25. This would be a percentage change of %18.
Earnings are expected to be released on 11/14/21. This date is subject to change.
ENTRY: $4.45
TAKE PROFIT 1: $5.25
TAKE PROFIT 2: $7.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NIO: Doing some very good (and technical) movements.Hello traders and investors! Let’s see how NIO is doing today!
Today’s movement was quite intense, as NIO opened lower at $ 38.14, below the black line at $ 38.55 (previous support), but it immediately recovered and now it is flying.
It may look like we have a Head and Shoulders chart pattern, however, the pattern wasn’t triggered, and the bias is still slightly bullish.
It is interesting to notice that the $ 38.55 is a nice support level, not only because it was a previous support in the 1h chart, but because it is the 21 ema area in the daily chart too, making it a Dual-Support level.
In the daily chart, NIO is doing higher highs/lows since it found its bottom in the beginning of last month. Yesterday, we hit the 21 ema in the daily chart and it is bouncing back up, as usual.
Today’s sign indicates to us that NIO is still bullish, and it is just seeking the $ 46.36 area again, after it retested its Dual-Support level. So far, the situation is under control.
If you liked this analysis, remember to follow me to keep in touch with my daily updates. Also, support this idea if you liked it!
Have a good day,
Nathan
$NIO | WEEKLY WATCHLIST 11/1After an extremely frustrating and long corrective phase, I believe we are nearing the end of this. Looking for a dip to complete the wave 2 retracement and a very buyable zone from $35-37 as long as it holds. I see this as a major bottom and wave 3 to proceed with minimum target at $48.57.
I still hold 2023 calls and will continue adding on dips (including this one if it plays out). My long term view of NIO is quite bullish and I believe it is lagging quite a bit against the rest of the EV sector. Don't be surprised to see this at new ATHs in 2022.
Elocktric VehiclesLucid Motors will be using this vehicle $ > to go public and the share price has since tanked. Having had done research into future EV growth I can say this could be a great speculative play in the near term, as the price has broken it's pattern.
Long this and NIO.
NIO:Up GearFrom last couple of months NIO Down Gear is in charge but now finally NIO Up Gear come in action and break that trend line. If things work for NIO like that we see a major Uptrend and we 42$ mark as over first checkpoint.
Previous Analysis.
If you agree then like idea and support me.
Mention your ideas in comment :)