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NIO

NIO: What it needs to fly again?Hello traders and investors! Let’s take a look at NIO today! Since it reported earnings, NIO has been in a bearish momentum, and it seems nothing will reverse it. The last support was at $ 38.66, and NIO lost it, but what does this means? We are still far from May’s bottom at $ 30, and since it dropped that sharply, it has good chances of bouncing back up, but so far, we have no bullish structure in the 1h chart. On the bright side, we are near the support level, and it seems NIO didn’t lost it completely, as we see early signs of reaction. Let’s see the daily chart for more clues: We have a bullish candlestick pattern today, which is a start for a possible reversal, and since we are near the previous support level, now is the best time for NIO react. If we close above the $ 38.66 again, it will be a false breakout from the support level, and this will be very frustrating for the bears, as they will be stopped out. Since we hit the support, the volume increased, and if we see a reaction, the 21 ema will be the target for us. Then we’ll see if it’ll be a Dead Cat Bounce or the beginning of a true reversal. But I agree that today’s reaction is not the best so far, and we must wait for more information. The situation is very delicate, and how NIO will react in this support will dictate the next big movement. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
6
ADDED to $NIO New Target 54.80 for 31.6%$NIO Target 54.80 for 31.6% Or next add at 32.78 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. 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.
NYSE:NIOLong
by SPYder_QQQueen_Trading
$NIO Target 54.80 for 31.6%$NIO Target 54.80 for 31.6% Or next add at 38.66 No add here… just looking where to buy next… Target is the same... But NIO, feel free to do something fun soon..... ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. 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.
NYSE:NIOLong
by SPYder_QQQueen_Trading
2
$NIO prepping for a moveNIO just reported great earnings - EPS beat , REV beat, REV growth beat, and Deliveries beat , vs. Analyst estimates. Q3 outlook also looks good. Technically looking at the weekly chart, NIO appears to be respecting the 50MA as support and decreasing volume implies a larger move imminent to push out of the "wedge" or flag formation. Given the fundamentals I'm long the 8/20 45c and 9/17 50c here. Assuming this is the Wyckoff Phase D : Back up and last point of support, I am expecting Phase E and a breakout next week. Break of $41 invalidates idea and could suggest a move to $34
NYSE:NIOLong
by FriscoTrades
NIO: Post-earnings analysis!Hello traders and investors! Let’s see how NIO is doing today, after earnings! Even in moments like this, with high volatility, Technical Analysis still makes sense. First, in the 1h chart, NIO dropped sharply only to retest the previous support at $ 41.59 and now it is bouncing back up. This is a good sign, and if we manage to close above the $ 43.43 area, the previous support level, it’ll be perfect. However, the bias is slightly bearish in the 1h chart , as we have lower highs/lows, and the 21 ema is pointing down, and it is working as a resistance too. It won’t be an easy task for NIO to reverse this sentiment, but it is definitely possible. The daily chart offers us more clues: Since the beginning of the month, NIO has been trading sideways, dancing around the 21 ema. Now we are just at the 50% Fibonacci’s Retracement , and if NIO is about to react, now is the best time to do so. The volume is quite low by the time I’m writing this analysis, and even considering the trading day is not over yet, I still think the volume is too low. So far, we have no confirmation of a meaningful reaction, but maybe we’ll see something good around these support levels soon. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
7
NIO's Strong Q2 2021 Results: Revenue Up 127%, Net Loss HalvesThe electric vehicle maker generated CNY 8.45 billion this quarter, getting closer to break even. On August 11, 2021, Chinese electric vehicle (EV) maker NIO (NIO:NYSE) released its financial report for the second quarter of 2021, with most key figures improving year on year: The total revenue hit CNY 8.45 billion, up by 127.2% from Q2 2020 and by 5.8% quarter on quarter. CNY 7.91 was made from car sales: NIO beat analysts' estimates, completing 21,896 vehicle deliveries in the second quarter. Net loss reached CNY 587.2 million, shrinking by 50.1% from Q2 2020 but increasing by 30.2% from Q1 2021. R&D cost grew by 62.1% year on year, reaching CNY 880 million; it now equals 10.4% of the firm's total revenue. While world-leading EV maker Tesla (TSLA:NASDAQ) is facing demand-side issues in the Chinese market, its local competitors are jumping in to fill the void. Through supply chain optimization and effective marketing messaging, NIO is solidifying its position as the domestic champion in the EV market's premium segment. For the full article with the charts, please visit the original link.
NYSE:NIOLong
by EqualOcean
Auto Sales - Off the Cliff - TESLA FanBois ImmunityMartha's Vineyard parties are Legend. While Faucci suggests large groups of people gather without wearing masks... many will die. "These people are dangerous." After all there people eat at Sonic and many went to a Community College. Papers please, Vaccine Passport Por Favor. The China Passenger Car Association reported that Tesla's sales in China fell to 8,621 cars in July, down 69.7% from June sales. Tesla Vehicle sales accounted for 3.9% of July sales of EV's in China A decline of 12.6% Month over Month. Tesla believes that China will be 40% of deliveries for Tesla in 2022. With respect to the Long Con and Tesla - Tomorrow never dies, there is always "Hope" projections will deliver. They will not.
FRED:DAUTOSAShort
by HK_L61
8