NIO Pullback Over? [LONG]NIO had a rough start to the week on Monday as did many Asian equities. But somehow it appears that NIO could be on the brink of a successful back test of a key support area that could hold as the key to NIO running to higher prices in the future and sustaining it.
Keep an eye on the open tomorrow morning. If price opens above $39.27, this could be a great entry for a long. Anything below this price level instantly flips this asset to bearish as shorting would again be the most attractive bet for the foreseeable future. A break and confirmed daily candle close below $39.27 would be a violation of the .236 fibonacci level, and that could insinuate price action to downside for a retest of the previous swing low at $30.71.
The risk/reward on this at the moment is perfect however, as we are nearly exactly at our support. So stop losses can be a little loose due to the room for error we now have. Again, most of this will depend on where NIO price is at come opening bell.
Should this $39.27 level hold, we could be looking at a 13% move to our first target at $55.57.
Ultimately, a move back to the all time high, which represents X of this retracement, makes this a potential 70% profit trade.
NIO
NIO vs similar Market cap Car ProducerNIO Market Cap 64.492B
BMW Market Cap 65.701B
NIO Revenue 2020: 16.26B usd
NIO Earnings 2020: -5.61B usd
BMW Revenue 2020: 104.21B euro
BMW Earnings 2020: 4.92B euro
NIO Revenue Q1 2021: 7.98B usd
NIO Earnings Q1 2021: -4.87B usd
BMW Revenue Q1 2021: 26.78B euro
BMW Earnings Q1 2021: 2.81B euro
NIO Forward Dividend & Yield N/A (N/A)
BMW Forward Dividend & Yield 1.90 (2.22%)
And NIO is not audited by an American company.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
When i wrote my first article about NIO it was undervalued at 6.98usd and my target was around 18usd. i sold it between 12 to 14. I reentered at 20, but just for the hype.
Now i started to become more confident in my first target. :)
Most likely it will test the 30usd support.
I`m looking forward to read your opinion about NIO.
NIO - Potential 15% drop!-Shares of Chinese electric-vehicle (EV) maker Nio (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one year ago, and just under 1,000% higher since the start of 2020.
-Though the company is making progress toward profitability, Nio is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price.
-Target Price: $31
ADDED $NIO NEW Target 54.80 for 30.73% $NIO Target 54.80 for 30.73%
Or next add at 38.35
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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…
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: Could it reverse or not?Hello traders and investors! Let’s see how NIO is doing today!
First, we had a powerful candlestick today, which could be seen as an Ignition Bar , but it wasn’t triggered and it seems it is losing strength. Either way, we have a pivot point at $ 44.87 , and if defeated, this could cause a mid-term reversal on NIO.
For now, there’s nothing indicating that we’ll see something good around, but we have no bad news either. The $ 46.99 seems to be a strong resistance for us in the short-term, and a point to keep our eyes on.
In the daily chart, NIO is just struggling around its Fibonacci’s Retracements , and unlike other Chinese stocks like BABA, JD and PDD, it is not crashing. Point for NIO.
So far, the stock is quite resilient, and if it triggers the pivot point in the 1h chart, the odds are that it’ll trigger the Inverted Head and Shoulders chart patter n seen in the daily chart.
The neckline is the $ 46.99 which we talked about in the 1h chart. On the other hand, if we lose today’s low and seek the 61.8% retracement, then the bullish thesis will be completely ruined.
We have many key points to look at, and a long week ahead. If you liked this idea, remember to follow me to keep in touch with my daily updates, and please, support it if it helped you!
Thank you very much!
NEW POSITION $NIO Target 55.98 for 30.73% $NIO Target 55.98 for 30.73%
Or next add at 40.46
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Back in NIO today at 42.82
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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…
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.
How to choose between Two stocks in the same sector?A comparison between NASDAQ:TSLA and NYSE:NIO
Trader point of view:
Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together!
NIO/Tesla price ratio YTD:
How you can benefit from this?
When NIO/Tesla reaches 0.08, sell NIO, and when it is near 0.05 Buy NIO
If you are a trader and love to work on volatility, Buyin and Shorting NIO will always be better than Tesla!
Investor point of view:
If you are an investor, investing in tesla would be a better option for you because of lower volatility and better performance! however, I recommend investing in neither Tesla nor NIO.
Because:
They both have experienced a decrease in trading volume in 2021, and made lower high patterns in weekly charts:
NIO-REVERSE HEAD AND SHOULDER, BULLISH WITH CONSOLIDATION1) LONG TERM REVERSE HEAD AND SHOULDER PATTERN,
2) BULLISH TREND WITH CONSOLIDATION BEFORE BIG BREAK OUT,
3) ANTICIPATED NEWS IS ALSO MENTION FOR BRIEF DETAIL,
4) ONE MAJOR FACTOR TO THIS IDEA IS THAT MARKET FACTORS WILL AFFECT THIS IDEA,
5) MY CONSERVATIVE PRICE TARGET IS 72 DOLLARS BY THE END OF DECEMBER 2021.
** I AM USING MY 10 YEARS EXPERTISE TO BREAK THE FORECAST ANALYSIS FOR YOU. I AM USING THIS IDEA FOR MYSELF.
** THIS IS NOT AN FINANCIAL ADVICE, JUST THE IDEA.
** SO GOOD LUCK.
**IF YOU AGREE TO THIS IDEA THEN PLEASE DON'T FORGET TO LIKE THIS IDEA.
Is FORD Getting More Love from the Market? This company has been the day traders favourite recently
But can we invest in it on swing basis?
I have marked the descending parallel channel.
Will it go and bounce off the upper trend line
or will go through it and the trend will resume
I am a buyer here!
NIO: Many patterns for us!Hello traders and investors! Let’s see how NIO is doing today! We have many interesting signs around, and I’m sure it’ll be worth keeping an eye on the points mentioned here.
First, in the 1h chart, we have a pivot point at $ 43.66. If NIO defeats this point, it has a good chance of reversing the bear trend for good. We have been on a series of lower highs/lows in the 1h chart, and this movement would bring something new for NIO.
By defeating the pivot point, and trading above the 21 ema, NIO could reverse the trend in the mid-term too, meaning, in the daily chart:
We have a Piercing Line pattern on NIO, just like on PLTR, but the difference is that the volume on NIO is looking better. We almost hit the 61.8% Fibonacci’s Retracement , and yesterday, we closed above the 50% retracement. This is a powerful sign.
Today it seems we have a Gift pattern : A small candlestick that follows a powerful candlestick (in this case, the Piercing Line). Gifts are just corrections seen in smaller time frames, and often they create pivot points in the 1h chart.
Now it seems NIO has everything to start its reversal, we just need to wait for more confirmation . We must not lose the 61.8% in the next few days, otherwise we might drop to lower levels.
Meanwhile, let’s keep an eye on the points and patterns mentioned in this analysis. And if you liked this idea, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped you!
Thank you very much!
If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months.
let's review a few posts to have a much better idea of what I am talking about.
XBT
April 26th, 2021:
One Swallow Does Not Make a Summer (or Spring)
NASDAQ:TSLA
June 24, 2021
Honeymoon is finished..!!!
NYSE:NIO
July 1st, 2021
Check and Mate..!
NYSE:AMC
June 9th,
Apes blood bath
I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..!
However, I wrote one answer to most of them: "Kneel".
I am happy they pay for it, they deserve it..!
The good news is the worst has yet to come..!
What goes around comes around...