NIO heading towards major Support levelMajor support level acting as an LLT
look for extension on trade (yellow arrow)
one resistance zone that could slow done flow however i am not expecting it to have a huge impact of the overall trade
entry: 33.5 (bit deep in the zone but will take my chance of limit order being hit, will manage it though)
Stop: 30.25
TP: 41.7
NIO
ADDED to $NIO New Target 54.80 for 31.6%$NIO Target 54.80 for 31.6%
Or next add at 32.78
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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.
Finall Pullback on $NIOLooking back at the history of NIO and pullback patterns, after every 3 pullbacks we get a good run up or dip down. With the several recent positive catalysts I think we are due for a run up after a possible pullback to $38. Feel free to share your thoughts. It also resembles an inverse head & shoulders which gives me hope. Regardless, my position in NIO will remain as an investor and I will not sell my shares.
$NIO Target 54.80 for 31.6%$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.....
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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.
$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
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!
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.
gbpnzd - potential longmy own prediction - (this upcoming week)
gbp - bullish
nzd - bearish
as long as h4 wick engulfs and closes above the ascending downwards trendline price should continue going up towards 2.0 even 2.02
looking at the chart you can see GBP break out of its downtrend multiple times and based on its current setup it may be looking to break out once again.
best of luck trading this week everyone!
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trade at your own risk - not financial advice
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.
NIO - BUY BUY BUY!!! Been a NIO bull since day 1 and right now I am more bullish than I ever was.
Here is my detailed technical analysis of NIO's price action, and what's very noticeable about NIO's price action is that every time it fakes out towards the downside, the price tends to then turn bullish and continue towards the upside. Most recently the price faked out again and has broken out of a descending trendline while also retesting a very strong ascending trendline line creating confluence. What makes NIO even more bullish is that looking at price action between May 11 2021, and May 24 2021, you can see that another fakeout was spotted right along/below the same ascending trendline price is currently retesting, which on multiple occasions price decided to respect the ascending trendline. Another thing is that with NIO's overall setup, there seems to be a giant cup and handle forming.
3 days until NIO's earnings as well.
Share & Like - and leave your thoughts on NIO in the comments !
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trade at your own risk - not financial advice