NIO
NioSunday, 6 June 2021
3:09 AM (WIB)
Nio has potentially to move downside as the price already at resistance, following all indicators news. Except there are any BUMP volumes that break up the resistance lines, Nio could still move upside.
Following the waves structure, Nio still have -30% revenue to the downside, and 118% after touch the lowest low support.
This is the best scenario for global trades. When the price touch the lowest support, I expect the clouds shift from bearish trend into bullish.
When it comes to move upside, this could be years journey to the upside.
www.nio.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89.
To the side it breaks, we’ll see a good movement next.
If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet!
The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too.
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Melissa.
Let's wait for our next chance! 🤑If NIO closes under the 40.90 tomorrow, there’s a chance it’ll fill the gap at 38.64. Then I believe I’ll be a good moment to buy.
It is no secret that I already booked my profits on NIO, and now I’m an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility I’m working with is a sideways movement for the next days. This might work too, but I prefer a pullback. I’m not working with a scenario that NIO will fly from here, and if it does, I’ll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. I’ll keep monitoring it, and I’ll update you guys if I see anything.
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.
Worried about a pullback? Don't be! 👍Yes, NIO is doing amazingly well, but nothing can go up forever. At one point, we’ll find NIO around a support level again, and this is going to be just another chance for us to trade it again. We did a great trade last week, so, I'm fine waiting for the next one.
For now, we see that it lost the 20ma, and the volatility is decreasing, as the BB gets tighter. The RSI is still above the 50, indicating that NIO is still strong, and the trend is still bullish.
Given that NIO is pretty close to the top at 43.21, and the RSI is very overbought, and that we had a bearish candlestick today, I’ll just wait for the next trade to appear in front of us.
If NIO fills the gap at 38.89 it’ll be perfect, but let’s see. We are also pretty far from the 20ma, and at one point, we’ll get closer to it. Let’s see how NIO will move this week, but I think we’ll trade it only next week – this is not a promise though.
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.
$NIO Cautiously bullish, will it rip?Hello everyone, NIO has broken out of its short-term downtrend line on June 1st with good sales and China news. This breakout is impulsive and accompanied by volume which is usually a bullish signal. However, selling pressure remains strong on the hyper-growth stock.
I am expecting a test of 43-44.5 resistance in the short term if the resistance is broken through a 49 test would be imminent.
Pros:
- Short-term resistance is broken through, with so far a successful backtest
- The break is impulsive with high volume suggests that institutional money is buying in.
- Lot of upside potential when hyper-growth stocks come back in favor.
Cons:
- RSI bearish divergence
- Right now very close to resistance @43 -44.5
Conclusion:
- If you're already holding NIO from the bottom, congrats and observer price action at 43-44.5 resistance.
- If you are not yet holding NIO know that your R/R is at 43-44.5 and a drop below the short-term trendline would be your SL.
WHAT NEXT FOR NIO?Hello Traders,
We have successfully achieved 27% gain in the last NIO trade ( bit.ly )
NOW, we will wait to see how the resistance will react
IF NIO breakout the resistance we will enter with a target 46$-51$ as in the chart.
IF failed we will wait it again in the red line for a possible trade.
Have a great day Traders.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
Time to wait for our next trade! ⏳NIO is flying today, and I’m very happy for those who are still in, but since I already book my profits from our last trade, I’ll just wait for the next pullback, which might happen soon.
The RSI is extremely overbought, and we have an open gap between the 38 – 40. I don’t see any bearish pattern to convince me of a short, unlike Tesla, which has a clear short point.
In the 4h chart NIO is almost at its target at 43.21, and the RSI is extremely overbought as well.
We’ll buy NIO again when it gets closer to the next support level, which could be the 38 again, or even the 20ma in the 30 min chart. The next few days are going to be pretty important for us.
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.
NIO: The V-shape is almost complete. What's next for NIO?Hello traders and investors! Let’s see how NIO is doing today!
First, NIO filled all the gaps we talked about last week, and it hit our target in the 1h chart , and it is trading above it right now. This movement was expected, but now NIO is close to our target in the daily chart, so, we must be careful. The link to our previous study is below this post.
The volume is good, and we have another gap today . The question is, what kind of gap is this? If it is a common gap, it’ll be filled this week, and NIO will resume the trend. If it is an exhaustion gap, it’ll be quickly filled and it’ll do a bearish reaction in the 1h chart, leading to a pullback in the daily chart.
Speaking of daily chart:
NIO is very close to our target today, the $ 43.13. This is the target for this V-Shape recovery , and again, the volume looks good.
Now, NIO is going up a lot (almost 10% today), and since we are near a resistance, this could be an exhaustion bar. This possibility is not confirmed, and I’m not sure if it will be, but if NIO drops, the 21 ema will be there to hold the price. If NIO does a good reaction around this support, it could be an opportunity to buy.
This week will be decisive for NIO! If you want to keep in touch with my daily updates, remember to follow me , and support this idea if it helped you !
Thank you very much!
NIO BUY/LONG INCOMING 26 to 90 by end 2021TICKER CODE: NIO
Company Name: NIO Inc.
Industry: Consumer Cyclical | Auto Manufacturers | China
Position Proposed: BUY
Technical Analysis
1. Large Pennant / Falling Wedge (Forming)
2. The market will potentially fall to either Fibonacci Retracement at 0.618 (Golden Zone) 0.786 (Silver Zone)
3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Next Entry: 26.00 (Market could fall and squeeze to 15.00 which would be a key structure level)
1st Partial Take Profit: 90.00 (August-December 2021)
2nd Take Profit: 128.00 (Mid-End 2022)
We had a great week here! Time to rest. 😴Yes, after almost 10% gains this week, I’m completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis.
Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a pullback!
This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since I’m out of NIO, I’ll just look for another trade now.
Next week we’ll decide what to do. I’ll keep you guys informed.
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.