NIO - 1HLooking at some stocks now for short term + long term plays.
Some confluences for this EV stock, for upwards targets of around $60, we would need to break $53.50
Short term target is $50.40 - $52.50
If we reject the above $53.50 target then I would expect a correction of the last 1 Year of price action.
NIO
Is NIO a good bet right now? 🤔This is it, my dear traders! NIO is trying very hard to escape from this very tight Bollinger Band, and maybe this RSI divergence will give us a clue to where NIO will explode next.
Now I see the 46.80 as the breakpoint for us, and if we do break it, the RSI will confirm the breakout.
We could be a little more oversold in the 4h, but that’s ok. NIO is trying to do a reversal pattern in multiple time frames, and now is a good point to do this.
We just hit the 50% retracement and now we are flying, back above the 38.2%. This is great, but we must do the last reversal pattern before we can fly again! Nio is a good stock, however, I see many stocks that are looking much more appealing than NIO right now, and me and my followers are quite aware of them!
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Melissa.
NIO: The most important key point for the mid-term!Hello traders and investors! Let’s see how NIO is doing today!
First, we have a key point at $ 46.99 . If NIO defeats this red line, the odds are that it’ll do a good reversal in the mid-term seen in the daily chart too.
Let’s keep in mind that the trend is still bearish (short-term), and we have no reversal sign triggered so far, but it seems the $ 43.78 is a nice support for us. What’s more, the 21 ema is finally flat again, indicating some weakness of the bearish momentum, and we are trying to trade above it right now.
In the daily chart we see that the $ 43.78 is indeed a strong support level, and the 21 ema is at the same price level as in the 1h chart, which is quite interesting.
However, NIO is still in a bull trend in the daily chart too, as we do have a series of higher highs/lows, despite the recent pullback. Now the situation is quite simple, if we lose the support level, we might see more correction. On the other hand, if we trigger the point mentioned in the 1h chart, we can finally fly again.
How NIO will behave next? Only time will tell, but we already have a strategy for it! If you like my free analyses, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
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Bullish Filters for NIO Today we will analyze the current scenario on NIO, and we will define what we consider can be a high-quality scenario in case we observe the following structure (confirmation idea). Please, it's important to understand that we are not saying "that will happen." Our trading approach is defining trading scenarios in advance and only trade if those happen.
Let's start:
a) The price has been moving around the broken ascending trendline. Can the price go above again? That would be key for the bullish perspective
b) Ok, what's next? If the price manages to go above the ascending trendline again, we want to see a breakout of the descending trendline (yellow line). There the price reacted and has been falling a 20%
c) So, what would be the perfect bullish scenario for us? A breakout of the yellow descending trendline followed by an ABC or ABCDE pattern above or in the edge. IF that happens, we think that a breakout above B would be a great confirmation for new highs. However, we should pay attention to the previous ATH.
We hope this was useful to create zones and trading plans. Remember, Risk Management is more important than any analysis or trade.
When will it fly again? 🤔We did break the 46.25, but we quickly went back to the range. That’s fine, as NIO needs more accumulation, and let the BB get tight again. Sooner or later, we’ll explode and by looking at the RSI and considering we are above a support area, it seems it’ll break up!
The problem is that we could be more oversold in the 4h chart, but I’m not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good.
I’ll keep you guys updated about NIO every day.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Just doing what it should do! 😁Ok, NIO went down to close the gap as we expected it would, and now we have some interesting things going on! The price stopped at the support we mentioned yesterday, the 43.89, and it is bouncing back up, as usual.
The 46.25 is a breakpoint, and it could hit the 50 if it triggers a buy.
Since NIO is at support area, doing some interesting patterns, the potential loss is low, while the gain is pretty good. We are not that oversold yet in the 4H, but I think we are ok.
Let’s watch NIO carefully, and wait for an opportunity!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
NIO - ShortTime has come for NIO to let go of the potential energy accumulated through (unreasonable) buying activity. I believe, following the pitchforks, NIO will at least try to touch the middle trendline in the coming days/ weeks which implies more than fall of 10%.
Note that ~$42 is a strong support level.
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-- For educational purposes only. Do your own research before making investment decisions.
What's next for us? 🤓Ok, didn’t trigger any good buy recently, and it is just falling to its supports. It lost all the Fibs retracements we talked about last week (but they did work pretty well for some time), and now it seems all is red for NIO.
The good news is that the RSI is very oversold, meaning we might see a rally tomorrow to the 48. The problem is that we aren’t near any support, but are close to the gap and the 44.89.
The 4h chart is not oversold, and this indicates we might still close the gap and hit the support at 44.89, or the 43.89. We have no important sign, but the conflict between time frames is interesting. Will NIO do a rally to the 48 in the 30min, or will it fall to the supports in the 4h chart?
There’s nothing interesting here for now, but I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
What to expect next week? (another target hit) 🎯Yes, we got it right another good movement on NIO, e just missed the target for 20 cents! I’m sorry, but I’ll consider it target hit!
The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement.
Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I don’t see NIO doing nothing good while it is between these points. But if it triggers the hammer I’ll consider a good thing!
Today I won’t set any target for NIO, and I’ll just wait for new movements next week. I’ll update you guys on Tuesday.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
SGBX Building Blocks For Which Direction?SGBX has had a great run so far, can't argue with that. But now that volume is a bit lighter, is it building blocks for new highs or for a failure at resistance again? The .50 Fib line has been a relatively consistent area of resistance over the last few weeks. Meanwhile, .618 seems to be an area that SGBX has bounced from after a pullback. As it approaches the 50 again, volume could play a key role. Also, any industry influence may be something to pay attention to as well. For instance, it has exposure to several popular niches including EV:
"SG and Blink Charging Co. (NASDAQ: BLNK), an owner/operator of EV charging equipment and services, entered into an exclusive Master Development and Production Agreement last year. Blink’s EV charging solutions will be deployed along with SG Blocks’ container-based modular building structures. Essentially, the two will create EV charging containers providing charging solutions for EV drivers. While this isn’t the only industry SG focuses on, it does give them some exposure to one of the newer tech niches to watch in 2021."
I think as this continues to consolidate, the $5.70 area may be the closest to pay attention to for it to either break and hold above or fail. Also, depending on the volume (and it isn't on the chart right now), the 50DMA is starting to curl up toward the 200DMA. Volume would need to pick up to confirm any possible golden cross however. We'll see what happens.
Quote Source: Best Penny Stocks To Watch If You Like Tech? 7 For Your List In 2021