NIO
TSLA - Triple Bottom then Flat Top TriangleTSLA has had a long down trend from macro factors including China , a recession as well as a unique
situation tying it to Twitter and Musk liquidating large blocks of stock.
From the technical side of things a recent triple bottom has evolved to a flat top triangle pattern.
Both of these are bullish suggesting a reversal is real. The setup is for a breakout above
the flat top ( black line drawn on the chart) I will add TSLA back to the waitlist and watch
it also with a small position in leverged TSLL. Once it is above the breakout level of 124.75
call options with 2 weeks expiration strike of 130 will be entertained.
Bias more on upside NIO15th Jan 2023
Previously, Nio drop to 3 support level which I shared in Sep 2022. Congrats for those who make on this call.
After forming a real support around $9, we may see some upside on Nio.
Last support price will turn to resistance level.
First Resistance: $12
Second Resistance: $15
Break and close above $15 may hit final TP at $20.
NIO rising from its downtrend.NIO double-bottomed in late December, this past Monday, and also back in November
at the same level now drawn onto the chart in green. It is now above the POC line on
the long-term volume profile suggests it was pushed there by buying pressure
exceeding selling. Fundamentally, NIO is strong in China, TSLA lowered its price
to be competitive and maintain market share. Easing of COVID lockdowns has
helped boost production. Price has moved above the SMA 100 and SMA 300 on the
rising uptrend.
This appears to be a long trade setup.
$NIO 1H viewQuite interesting setup.
Also below are interesting points to consider:
1. RMB vs us dollar, approx +8% gain favor RMB
2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8%
3. NIO selling mostly in China benefits from the strengthen of RBM
3. Commodity prices are down on average -30% from peak levels
4. Lithium prices are down on average -20% from peak levels
5. China energy inflation much lower than Europe and US
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week;
• It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020);
• Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level);
• However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart:
• Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop;
• If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line;
• Either way, NIO looks promising. I’ll keep you updated on this.
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NIO: Next KEY SUPPORT/RESISTANCE levels to watch! 👀• NIO is in a short-term bear trend, but it just hit a support level, and it is reacting;
• The support at $9.53 (red line) is our key point. This is the third time NIO hit this line, and in order to resume the bear trend, it has to break it as soon as possible;
• If NIO bounces again, there’s a clear resistance level around the purple line – a trend line connecting the previous top levels;
• As long as NIO remains between these key points, the bear trend won’t continue or reverse;
• Let’s keep our eyes open for a breakout. I’ll keep you updated on this.
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NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment;
• We studied this scenario in our previous public analysis on NIO – link below this post;
• In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment;
• What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70;
• Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet;
• I’ll keep you updated on this.
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NIO PENDING REVERSAL (UPDATE)DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO.
POINTS:
1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43.
2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread.
3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would invalidate entire setup.
4. If we come to see a continuation of this sideways consolidation between $9.50 & $14 price action will begin to squeeze for bullish divergence.
5. More than covered gap from early July 2020.
Scenario #1: Bullish scenario can mean we see price action move into 1ST LEVEL SUPPLY & DEMAND ZONE as we invalidate bearish trend.
Scenario #2: Bearish scenario can mean we break below our critical support of $9.50 and fall to $6.00.
NYSE:NIO
LCID TO 4??? / MACRO ANALYSIS / FIB / DEVIATIONPoints:
- LCID is showing a Deviation of 6 Points placing current price action in new channel.
- Current channel = Supply Zone at $10 & Demand Zone at $4.
- Down 89.19% in past 405 days.
- RSI Average at an all time low.
IMO: I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come come to yield decent returns in the near future.
DGSTACC: PSNY MACRO ANALYSIS!!!In the chart above I have provided a textbook example of what might be unfolding for PSNY.
1. Previously confirmed Supply & Demand channels remain intact.
2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend.
3. Important for price action to stay above 5.50 to avoid an early retest of lower timeframe.
NASDAQ:PSNY
DGSTACC: TESLA BOUNCE INCOMING!!!In the chart above I have provided a macro analysis of TESLA by providing a visual on confirmed channels, past and current trend & RSI patterns.
Points:
1. Channels show a deviation of 60 points currently placing us in the second to last channel that holds between 60 - 20 for DEMAND & SUPPLY .
2. Current channel is in fact risky to buy into considering we are in a Supply Zone with a channel that has seen little consolidation in past price action.
3. Tesla is now currently down 73% in the past year.
4. We are now currently in what I believe to be a SHORT BELOW CURRENT TREND that should come to see a pull back into our current down trend at least.
5. RSI is at a crucial pivot point where a dead cat bounce is worst case scenario if we are to take away from previous times RSI has been this low.
Note: A squeezing triangle pattern has been indicative of a bullish climb in the near future.
NASDAQ:TSLA
DGSTACC: CN1! MACRO ANALYSIS / CHANNEL CONFIRMATION & SUPPORTIn the chart above we are taking a look at CN1! in the 16 hour timeframe.
1. CN1! reaching an end to pennant formation in vital channel support.
2. Previous pennant breaks in current channel level has been bullish in the past.
3. Important to break past 13300 Supply Ceiling .
4. Channel deviation of 500 points .
5. Channel Above = 13800 - 13300 , Current Channel = 13300 - 12800 , Channel Below = 12800 - 12300.
NIO: Be careful with this BEARISH FLAG!• NIO is trading around the support level of a Bearish Flag chart pattern;
• Yesterday, it tried to trigger the pattern, but in the end, it did a bullish reaction and it stabilized around the trend line;
• If NIO triggers this flag, the bear trend will resume and the technical target of this pattern is around $5;
• In order to avoid this bearish scenario, NIO has to react as soon as possible, and stays inside the Bearish Flag again. This would indicate another bounce, possibly to the $14 again;
• Either way, we’ll have our answer soon. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
NIO respecting the trendline!I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions.
If not we can expect the downtrend to continue to $9.
If it reaches as low as $5-7 I will be scooping up a lot.
Good luck.
(Disclaimer : Not financial advice)
NIO still in downtrendI've had this trendline drawn for quite some time now. With China's strict covid policies still in place and econ future uncertain, i will not suggest opening a long position in NIO until it breaks this trend on volume.
Deutsche Bank says buy Nio, predicts shares can rally more than 70% as delivery volumes speed up
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post);
• Now, NIO hit a support level, the 21 ema in the daily chart;
• Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance;
• Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully;
• On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5;
• Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
NIO: Waiting on the Bottom for EVsThis is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical.
For ALL Electric Vehicle manufacturers, 2023 may possibly be that big growth year. It is important to keep an eye on all new technologies because when the Post-pandemic Renaissance really takes off, the speed at which EV dominates will probably surprise most people.
The top 3 EV companies, Top 3 Semi-conductor companies for EV, the Top 3 companies for major components like solid state batteries, the Top component manufacturers for sensors, etc. are all up for grabs. Nobody has the lead right now.
It is all about who can convert to robots and robotics faster and who incorporates solid state batteries and other component integration to meet demand. Don't worry about charging stations. Those are already being built and incorporated into gas stations everywhere, corporate offices and public transportation.
$NIO Pending Reversal On Down Trend?In the chart I have provided an analysis on the following points:
1. Confirmed Supply & Demand Pockets (Total of 2).
2. If side movement continues past February 28th chart would be invalidated.
3. Break above $20 would confirm break of downward trend & place us in supply territory for Fibonacci.
NIO Inc. Options Ahead of EarningsIf you haven`t bought the $15 strike puts when i wrote you this article, which are trading now at $3.50 from $1.14:
Then you should know that looking at the NIO Inc. options chain ahead of earnings, i would buy the $12.5 strike price Calls with
2022-11-18 expiration date for about
$0.38 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.