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NIO

NIO: The beginning of a reversal?Hello traders and investors! Let’s see how NIO is doing today! In the 1h chart we have a clear bull trend , as NIO is already doing higher highs/lows . This is a good start but is doing even more reversal signs. The $ 37.54 was a pivot point , and it was broken today, and it is trading above the 21 ema (which is pointing up now). We also have this purple trendline , which is better seen from the daily chart perspective: The purple trendline is a very strong resistance, and to worse, the 21 ema is slightly above it as well, making it a Dual-Resistance zone , and if NIO breaks this zone, it’ll be a fantastic sign . Last week, NIO retested the support at $ 34.85, and now the volume is finally starting to increase, which was one of the main things that was bugging me last week, as we discussed in our previous study (the link to my previous analysis is below this idea, as always). Although we have several reversal signs around, the trend didn’t reverse in the daily chart yet. It is almost there, but we must see a breakout from the Dual-Support zone, and see the $ 42.05 defeated as well, as this is the most important pivot point for the mid-term. To summarize, NIO looks promising, and it is just one step from doing something great. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you ! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
25
NIO is still looking bearish . But I mapped out both scenarios.NIO is still looking bearish . But I mapped out both scenarios. I pointed this could be a triple bottom pattern where it could bounce from current areas. But I am leaning more bearish as it is forming lower highs and a bearish triangle and we are well below ichi moku clouds. It is looking to break that support line. Best wishes to everyone trying to make a sound decision. I would a assume it will break down and form a inverse head and shoulders before reversing. This market has not been good to us. They are most definitely trying to shake out everyone.
NYSE:NIO
by cryptotrain
NIO Setting up for a potential ER RUNNIO has been beaten down the past couple weeks. I believe it's setting up for an ER run along with other big catalyst that are going to to be releasing in the next couple weeks. Here are the list of dates for NIO catalysts. April 19th - 21st: Shanghai Auto show (opens to press only) April 21st - 28th: Shanghai Auto Show (opens to general public) April 29th: Q1 2021 ER May 1st - 7th: Delivery Numbers (expected to be 7500 from 3155 previous yoy) May 7th: Showroom in Oslo, Norway There's a good support at $32.00 and could be a good entry for a starter position. We have a supply zone around $28 area and a gap all the way down to $22. I would suggest grabbing some starter position on Monday, April 19th and look to average down on those levels for 3rd week of May contracts. If NIO responds good to these catalyst, we might see it testing $40 - $45 level.
NYSE:NIOLong
by Ross-Santos
1
NIO - still not finished correcting! Reversal 27-21?So here's a look at NIO after its run up and ATH in Jan. The larger degree impulse from about $2 to $67 has a golden zone retrace between $16 and $27 (in orange), and a late august to mid oct resistance-turned-support at around $20 (red dashed line). If we map out the correction from the Jan high, we get a really clean count with NIO currently being in a ABCDE triangle formation in the downward W4. An equal legs target of W1 (yellow arrow) leads us to the larger 0.618 retracement at $27 and an equal legs target of W3 (white arrow) leads us just past the 0.786 retracement at $16.15 as well as the -0.5 extension of the current wave 4 at $15.49. Our previous support/resistance levels lands exactly in the middle at around the $20 mark which is also the -0.382 extension of wave 4. If NIO can't get above $39, then we are headed to anywhere between $27 and $20, with a deep retrace around $15 (altho this is unlikely imo) I should note that we are currently hovering above the 200 MA at about $35, and a daily close below that would signal a sell off. The 35-39 zone is crucial here to see which way we go. Right now my money is on a further correction, as the 5 wave down move is not yet complete.
NYSE:NIOShort
by ir-rizzle
$NIO Bearish Chart Technical AnalysisWe all do like NIO. Huge potential, great incomes, shows its value in the field. Although we can see 2 bearish patterns on NIO: 1. Head & shoulders 2. Descending Triangle We can also see that the support on 35$ is starting to get rejected strongly by the resistance line. If broken below 35$ support next one is going to be the 50W-EMA which might be a strong support that will help us break above resistance. Indicators: - MACD is very bearish. - RSI is neutral but below 50. Indicates a clear downtrend. I am personally very bullish on NIO on the long term. On the other hand, NIO for me is a SELL for the short term. This is not a financial advice. Posting for educational purposes only. Use it at your own risk.
NYSE:NIO
by adalovelance
3
Is The EV Hype Dying? Descending triangle - NIO (Daily)Hi everyone, Quick update on NIO here. After a tremendous rise throughout 2020, NIO caught the eye of many people, me especially I first bought in at $14 but when it inched closer to $50 as soon as three months later, that was a big no no for me. So ever since then it went a bit higher. Fast-forward to today, however, it's back around $35, which makes me wonder...is the EV hype dying? Are valuations going back to normal? The on-going chip set shortage is clearly having massive strains in the industry. And recently, the prospect of higher bond yields, greater interest rates and a comeback of inflation may significantly harm fast-growing companies like NIO. The same would not really apply to Tesla, since it is already a well-established, grown-up company. Now off to the chart - as you can see on the daily chart for NIO here, you can clearly see a descening triangle with decreasing volume. This is alarming, because something that looked bullish a few weeks ago as a potential double bottom, is now looking pretty bearish. If price breaks anywhere below $35, NIO may see an even lower low later this month. The decreasing volume also confirms the pattern. However, there can also be a bullish approach to this. The price may squeeze, with the decreasing volume, and send the price back upwards towards $40. Nonetheless, there is a lot of uncertainty around this price action, so my guess would be to first assume a bearish case here, but be open to the idea of a price reversal. Note: Not professional financial advice - please do your own DD.
NYSE:NIOShort
by michaeldobfx
3