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
$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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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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NIO longNIO is a Chinese car manufacturer, specialising in the design and development of electric vehicles.
Position: long
Entry price: 32.10
Target price: 54.71
Stop loss: 28.5
The RSI indicator is very close to the oversold level. The William Indicator suggests that the market is in the downtrend, but it's a weak signal.
(In the event that the price of NIO doesn't break the support line (red line), the market may go into a phase of uptrend.
No financial advice
$NIO - Bear flags INTACT with $22 first Price TargetNio is in a continual downtrend, making lower highs lower lows with new bear flags setting. Technical pointing more selling pressure. There is a gap at around 22-23 level. With possible delisting with SEC shortening the timeframe for chinese stock listing and Evergrande crisis, Nio looks to have further downside. Chinese banks are taking major financial hit due to Evergrande in Nio and many automakers reply on. This will cause a ripple effect with senior notes being exercised and liquidating Nio bonds.
NIO: Hope NIO still doing consolidation. That Sept markets swoons, chip shortages happened and Evergrande debacle is still affect it and in future too.
In my opinion NIO's bull have courage to reach new height but right now circumstance are not in its favor.
Suggestion for NIO is wait for some clarifications before taking any step.
Previous Analysis.
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Impulsive move down imminent.2.618 fib extension is 9 ish dollars and that's where we go long. Has confluence with a gap in the weekly chart as well so very nice to target that area for shorting. 1.618 fib target for maybe Nov 1st or Dec 1st is 22 ish dollars. Great to short here on deliveries tomorrow and with SPX bear flagging.
NIO: HopeNIO do some consolidation inside that bubble due to Sept markets swoons, chip shortages happened and Evergrande debacle which is the current hot topic of market can affect it in future.
Suggestion for NIO is wait for some clarifications before taking any step.
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NIO: This pattern can save the day!Hello traders and investors! Let’s see how NIO is doing today!
We have an important reaction right now, as NIO is trying to trigger a Double Bottom chart pattern by breaking the $ 36.50 area. It seems the $ 34.510 worked as a nice support, after all, and this might bring something new to NIO.
We still have two open gaps, and by triggering this Double Bottom, the first one will be easily filled. The last one, at $ 40.59 is not going to be that easy, and NIO must do stronger bullish structures to reverse the trend for good.
However, this Double Bottom might be a good start. Now, let’s see the daily chart:
The situation is not the best, as the trend is still bearish, and aside from the signs in the 1h chart, we still see nothing meaningful in the daily chart. It is important to defeat the 21 ema, which is above the price and pointing down, before anything else.
Today’s reaction made a good candlestick pattern, yes, but it feels like it is too soon to tell if it’ll truly reverse or not. Let’s keep our eyes open, and pay attention to more signs.
The fact that it is reacting near the bottom level of a possible Triangle pattern in the weekly chart is surely interesting. Again, I think this is a good start, but let’s wait for some confirmation.
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NIO: to Boost Its Battery Swap Stations' Coverage Along HighwaysThe company also has 341 supercharging stations with 2,176 supercharging piles, 515 destination charging stations with 2,878 piles and access to more than 400,000+ third-party charging piles.
The Chinese Lunar New Year holiday is a peak travel time for the public, and NIO wants to significantly expand its battery swap stations' coverage along highways before then to make it easier for its customers to travel by car.
The electric vehicle company announced Tuesday that it will have a battery swap network covering eight major highways and four densely populated metropolitan areas by the Chinese New Year in 2022.
The next Chinese New Year will come on February 1, 2022, and no official schedule has been released, but the holiday is usually seven days.
The holiday is typically a time for people working in major cities to return to their hometowns and will also see one of the world's largest population migrations, although it has waned in size in recent years due to Covid-19 concerns.
According to NIO's plan, the company hopes to complete a battery swap network along five north-south highways and three east-west highways by then.
The five north-south highways are G1 Beijing-Harbin Expressway, G2 Beijing-Shanghai Expressway, G4 Beijing-Hong Kong-Macao Expressway, G5 Beijing-Kunming Expressway, and G15 Shenyang-Haikou Expressway.
The three east-west highways are the G30 Lianyungang-Horgos Expressway, the G50 Shanghai-Chongqing Expressway, and the G60 Shanghai-Kunming Expressway.
The four metropolitan areas the company hopes to cover are Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Chengdu-Chongqing.
William Li, founder, chairman and CEO of NIO, said Tuesday that the company's number of battery swap stations covering the highway now stands at 99 and will increase to 169 by the Chinese New Year.
Notably, NIO has previously built battery swap networks covering the G2 Beijing-Shanghai Expressway and the G4 Beijing-Hong Kong-Macao Expressway.
On September 20, the company announced the completion of its battery swap network covering the G1 Beijing-Harbin Expressway, making it the third fully connected expressway battery swap network.
The G1 Beijing-Harbin Expressway is 1,229 kilometers long, and NIO has provided 10 battery swap stations along its route, one every 120 kilometers on average.
In addition, NIO announced on September 16 that with three new battery swap stations in highway service areas in operation, it has completed its network of battery swap stations in highway service areas from Beijing to all major cities in the surrounding area.
The network consists of 12 highway battery swap stations, centered on Beijing, covering the service areas in Hebei and Tianjin on seven highways: Beijing-Chengde, Beijing-Harbin, Beijing-Lhasa, Beijing-Chongli, Beijing-Shanghai, Beijing-Hong Kong-Macau, and Beijing-Qinhuangdao.
According to CnEVPost database, as of September 21, NIO had 484 battery swap stations in China.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
For the full article with the charts, please visit the original link.
Nio Analysis 22.09.2021Hello Traders,
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$NIO - VERY BEARISH $22 first Price Target, then $9.50Lots of issues with Nio, from technical standpoint and China. Chinese stocks are notorious for Pumps and Dumps, I have been in market for over 20 years. Chinese stocks have never panned out well these 2 decades.
FYI, I bought Nio in the single digits and sold at the top around 60s and 50s and began shorting since then because the there were too many red flags. This company is a continued short. Dual HK listing also causes more stock dilution FYI.
LI Auto reduced delivery outlook for Q3LI Auto announced a reduced outlook on its vehicle delivery volumes for Q3.
The previous guidance from Li had deliveries of 25,000 to 26,000 for the third quarter, but it now expects 24,500.
My price traget is the 22.8usd support.
I expect a correction in other Chinese EV stocks too.
NIO: Seeking the $ 30? Next support and key points!Hello traders and investors! Let’s see how NIO is doing today!
First, it failed in reacting near its support levels, and it is dropping sharply. We don’t see a good bullish reversal sign around, and it is following the Chinese stocks sell-off.
One thing to keep in mind: We have two open gaps above the price, and I’m convinced that they will be filled, we just don’t know how or when. It might take years, or a few weeks. As long as we don’t see any good reaction, there’s no way this is a buy again.
In the daily chart, it seems NIO is doing a H&S chart pattern, and today it is triggering the pattern by losing the neckline. Again, since we have no reaction around, this might be a sell sign, if confirmed.
If we see a good reaction this week, this will become a phenomenal buy sign near a support level, but as long as it doesn’t react, there’s nothing else we can do. The next support is at $ 30, and it might hit there. Let’s follow NIO closely, as when the situation is dangerous, we see the best opportunities.
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