NIO
NIO's Thirsty EVThe NIO ES8, introduced in Norway on September 30, recently underwent a 1000km test resulting in an average performance.
The journey resulted in an 11hour, 25-minute journey. The car stopped to charge 5 times and sustained an average driving speed of 87.6km/h. This ES8 utilized a 100kwh lithium-ion battery and besides its high energy consumption, the car did not offer the fastest charging rates. Bjorn Nyland described the new vehicle as to the thirstiest electric car ever tested. During his 1000km challenge, the car consumed 318kwh.
With a middle-of-the-pack performance for NIO's newest addition to its fleet, it will have to set itself apart with its looks, features, and safety. The car is described as very comfortable in terms of interior space, has big wheels which affect its performance and efficiency, and even includes an egg-shaped small AI personal assistant named Nomi which can take pictures for you or direct you to a charging station. While prices for its American rival start at USD 107,097.12 in the UK, the ES8 is on sale in its homeland at the equivalent of USD 70,711.56. NIO has already begun deliveries of the ES8 and plans to expand outside of China to Norway first and eventually Germany.
The initial upfront cost may be enticing to consumers who seek cheaper alternatives to premier EV's, but the performance and electric consumption could be a hindrance in the long run to committed customers. The rival Tesla Model X Long Range completed Bjorn's challenge an hour faster. Aside from the ES8, the company could have at least two more new models to unveil to the public on December 18th at– ‘NIO Day’ – that will hopefully perform more competitively against rival EV subtypes while maintaining affordability.
Long | NIONYSE:NIO
Possible Scenario: LONG
Evidence: Price Action
TP1: 39$
TP2: 40.35$
I see two different scenario, first a pull-back as buy-zone and then jump up to TP1, second scenario, straight to TP1, it depends on Monday morning market price action, adjust your position and take advantage.
Call options, Strike 38$, 10/29/2021
Call options, Strike 40$, 11/19/2021
*This is my idea and could be wrong 100%
NIO: Target hit and Gap filled! What's next?Hello traders and investors! Let's see how NIO is doing today!
It did exactly what we expected in our previous analysis, last week, and it hit our target. I explained the technical reasons that made me believe we would seek the gap at $ 40.59 in my previous analysis; the link to it is below, as usual.
Now that we hit our target, NIO did what seems to be a Shooting Star candlestick pattern in the 1h chart, and this is a weakness sign. That’s ok, since we are in a bull trend, pullbacks are expected, and now is the best place for NIO to start a correction.
As long as we don’t see a bearish structure, NIO will probably be fine. Now, let’s see the daily chart:
In the daily chart, it feels like NIO deserves a pullback to the 21 ema again, and that would be just another opportunity to buy.
Since it triggered the pivot point at $ 39.63, it has been doing very well, but nothing goes up in a straight line forever. Let’s see if NIO will confirm a top near this gap area.
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NIO: The most important resistance to keep our eyes on!Hello traders and investors! Let’s see how NIO is doing today!
NIO dropped sharply last week, but it seems we have some reaction now. We started to trade above the 21 ema again, and yesterday we did a pullback to the 38.2% Fibonacci’s retracement area, which is a good thing.
Now, the main challenge will be to defeat the $ 36.63. This point was a resistance on Oct 07, today we hit exactly this price again, and we failed in breaking it.
I like how today’s first candlestick is looking, but the situation is still a little delicate.
In the daily chart, we are trying to defeat the 21 ema, which has been working as a resistance area for a few months now. It seems the $ 36.63 is a pivot point in the daily chart, so if we manage to defeat these two resistances, NIO will probably do a mid-term reversal.
If it actually reverses, the gap at $ 40.59 (yellow square) is going to work as a target. Let’s see how NIO will behave in the next few days.
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Have a good day.
$Nio - investment idea 💡 #NIO has been trading for a while in the demand zone, giving great opportunity for low risk entry. And great target potential. Regardless the fundamental analysis, this is just technical analysis.
From this price I will start buy small positions and buy more with bullish price actions.
❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53%
✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern.
✅ - MACD
✅ - STOCHASTIC
✅ - Momentum
✅ - RSI Neutral
❌ - Ichimoku very bearish
⏰ - Breakout around: $37
🚦 - Next entries in case if dropped:
- $30
- $23.30
- 18.70
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
NIO increase: pattern analysisI think the graph speaks for itself, but analyzing the pattern here we see a double deficit with an increase following, and a short time of flatline. Over the next week or so watch closely to see if the pattern continues, especially approaching NIOs upcoming release, said to challenge even the electric car giant, TESLA.
$NIO can hit a new all-time highLooking at the chart, we see that Nio has just reached a long-term support. This results in a rising price. So it will enter a bullish trend (see Supertrend). If it can break through the very strong resistance, Nio can reach a new all-time high. Otherwise it will retest the long-term support.
NIO - I will buy the dip at the end of this primary correctionHello traders and investors,
today we see one of the main Tesla (TSLA) competitors: the Chianese Electric Car NIO. Assuming that 12 January 2021 was the pick of a Primary Wave 3 impulse, I am looking at the last impulse wave (primary 5) after the completion of Wave 4 correction.
As you can see in the chart, I see 5 intermediate blue waves down and 3 waves up, hence I am expecting another impulse down to complete intermediate wave C.
Fibonacci cluster/confluence either around 23.6% or at 38.2% retracement of Wave 3. In the first case, we will have a wave C similar to wave A, in the latter wave C will be extended up to 1.618%.
No rush to buy the dip. Target Wave 5 is yet to be calculated.
$NIO- Analysis & Key levels $NIO- Analysis & Key levels
My position is short here… I do think that NIO had a nice run up today… but I also believe there is a little bit more downside before NIO is bullish again.
I love this stock and this company but I’m not ready to go long yet…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
My average is in Grey
Red = Resistance
Green = Support
Blue = trendlines
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
MY MINIMALIST ANALYSIS FOR $NIOThis should be good ENTRY POINTS, We have a STRONG SUPPORT and can TRADE in the RANGES of the BOXES.
THE CHART and BOX TOOLS
1. BASIC IS the chart is designed for SWING TRADES at the BOTTOM. (I do not SHORT)
2. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY OR SELL POSITION or an EXIT.
Indicated are key levels of support and resistance using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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