NIO - Potential LONG out of Long Term DowntrendDouble bottom support, and close to breaking MAJOR downtrend. Volume seems to be confirming on daily, ideally get a big push on increasing volume, then low vol pullback making a higher low.
NIO/N trade ideas
NIO AnalysisPrice consolidated since my last analysis. Price previously left an equal lows at 8.03 behind and is now trapped between that and the clean highs at 9.70. Right now, it's unclear where price will move, but I'm expecting the equal lows to be taken with the intention of mitigating the bullish POI below.
Huge gains on potential breakout The potential will be insane if it happens. You should not miss this chance which is once in a while. Just wait till it breaks the decreasing trendline, then buy and live happily ever after!!
NIO AnalysisPrice played out nicely as analyzed last week. Price has just created equal lows at 8.03 and I'm expecting them to be taken for price to mitigate the bullish POI at 7.90 before a retracement to the upside.
NIO showing strength?Higher lows on the RSI and lower lows on the price + volume decreasing
I think we may see volatility soon.
Particularly interesting as this is a multi year support.
First target $9.50; depending on the reaction could see it continue to $14.50 over few months
$NIO - BEARISH Head & Shoulder $4.97 target w/ GAP at $4.88Nio has formed a major bearish head and shoulder pattern. The neckline has also been compromised signaling further downside. Price Target is the length of the head to the neckline, thus equating to a price objective to about $5 for the first target. There is a Also a gap at the 4.88 level too.
NIO AnalysisPrice played out according to my analysis last week, giving us a 13.66% move to the downside. I'm expecting price to continue lower into the bullish POI at 7.90 before we see a bullish retracement.
$Nio Rounded bottom$Nio possible rounded bottom pattern. Volume following pattern so far. Character of the share has changed .... jagged chart giving way short term to a more curved appearance.
Possible H&SI took profits and I am waiting for next move.
Whats painting is H&S, so perhaps we'll go up in the morning and fall mid day to previous low at around 8.40, from there if the market bounce (high probability) we may go up again to 9.20 ish level.
I am not going to play big on this one.
Wait for NIO to double bottom to take this trade.
Good luck
NIO, dont buy it yetShort term I expect a bounce within the range, dead cat if you like, based on being oversold across all time frames.
Longer term, Looks like more blood will be spilled for NIO.
Way to many gaps made from 2020 run, and gaps like to be filled.
Good luck !
NIO AnalysisPrice playing out nicely as analyzed last week, giving us a 10.93% move to the downside, taking sell-side liquidity before the bullish retracement. My expectations are unchanged, expecting price to continue lower into the bullish POI at 7.90 before we see price reversing.
NIO: CHART UPDATE / RSI CYCLES / MACDIVERGENCE / FULL BREAKDOWNDESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate.
POINTS:
1. Deviation of 2.50 Points between Supply & Demand Channels remains the same.
2. Current Trend: Sideways Consolidation
3. Price Prediction: 13 Points by March 31st & will serve as another attempt to breaking upper level of 14.50 Points.
4. TIMEFRAME for 5th CYCLE PREDICTION was drawn out by utilizing the mean average of the past 4, RSI agrees with these cycles of Buying & Selling Pressure.
IMPORTANT: RSI needs pullback & is EXTREMELY IMPORTANT Price Action holds above 9.50 Points or at the very least lingers above 9 Points in SUPPLY POCKET.
RSI: RSI has completed another cycle by reaching OVERSOLD TERRITORY in the 30 RANGE & is Breaking Trend.
MACD: Faster moving average on MACD has confirmed current uptrend on Price Action. Next step would be to see MACD flip & surpass Median level to the upside. (Most crucial indicator in this scenario)
SCENARIO #1: In a Bullish scenario Price Action holds above 9 Points or 9.50 preferably for some consolidation & follows cycle with an eventual break of 12 Points making way for a test at 14.50 Points.
SCENARIO #2: In a Bearish scenario Price Action deviates from cycle and decides to Break Down 8.50 Points which would be followed by a further continuation of next SUPPORT at 7 Points.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
Watchlist 2023-03-02 $NTLA $FHN $WOLF $STM $AFRM $NIO $ONCSSPY - failing to make a higher high on the lower time frames now, couldn't close above the key 296.30 on the 1h or 5m. Gapping above 293.50 double bottom support, VIX rising, recently lost the 200 EMA, 10 year making new highs. Downside momentum is still in favour, next stop over the next week is 387.
NTLA- FDA nod to start trial of CRISPR gene editing therapy. Gap 2 because it's above a range but still below the key 45.80 pivot, also with the downs trending MA's. Up 1.5 ATRs in the PM. really need to see some Vol pick up for a trade over 45.80.
FHN - Continuation from PD - doesn't expect it will receive regulatory OK in time to complete its $13.4 billion acquisition by May 27, which priced the shares at a cash buyout of $25 1 year ago from TD bank. key Resistance. 20.50, 21.30
Short Watches:
WOLF - Tesla suggests next-gen car will cut silicon-carbide use, Wolf, specializes in this type of chip. Down 2.3 ATRs, PD fakeout green bar which is a key feature. Also below the declining Mas. Needs to get below and stay below 66.50 area and has room to 61.
STM- lower on Tesla's Silicon Carbide Reduction Plan.
AFRM - if market weakness continues, this is a name to be short with a confirmed flat bottom break below 12. Don't want to be first to this trade. Wait for the break to happen and find a way in.
NIO - lower after reporting losses that were much wider than expected. Normally I would not trade a name that has sequential movement to a key level but NIO reported some very bad results and is approaching the 8.40 pivot on elevated RVOL, even for NIO. Watching this level. Don’t want to be the first to short the breakdown, would prefer more market structure to form. Eg lower highs, fakeout, then a weak bounce.
Other Watches: ONCS
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts.
Yellow = Support
Purple = Resistance
Red = short opportunity
Green= long opportunity
RSI Oversold nearly a good time to addLeaving this here... Simple set-up.
Everytime RSI reaches this low there is a bounce opportunity to be played... Sell when it's at the top, and rinse/repeat.
Max it can reach is $15 before another leg down to consolidate...
(Not financial advise)
NIO AnalysisPrice playing out nicely as analyzed last week, giving us a -7.46% move from my last analysis. Price has taken some liquidity at 9.50, and is not showing any signs of change of character. I'm expecting price to continue lower into the bullish POI at 7.90.
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 NIO has been overall bearish trading inside the falling wedge pattern, and it is currently diving inside a weekly demand zone 6.5 - 10.0
The bears are still in control managing to make new lower lows. But, we can clearly see that the impulse movements are getting flat and small.
This signals an early alert that the bears are exhausted. However , it doesn't mean that bulls are in control yet.
🏹 For the bulls to take over, hence have a long-term shift in momentum, we need a break above the last major high in gray.
📊 Meanwhile, until the bulls take over, NIO can still dive till the lower bound of the demand zone around 6.5
📕 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ascending triangle - which way will it break?Ascending triangle, something to keep an eye on. Usually a bullish pattern but that's after an upward trend and this started after a down trend so not sure. Would be interested to hear other's opinion.
NIO formed ABCD pattern; $10 SOLID SUPPORTRSI rising. Solid support at $10. ABCD pattern over extended, price ready to move up. Three price targets for 2-4 months.
NIO AnalysisPrice consolidated since my last analysis. My expectations remained unchanged, expecting price to continue lower and taking out the equal lows at 9.50, and potentially into the bullish POI at 7.90.
$NIO - BEARISH Flag Setups $5 TargetNio has undergone multiple Bearish flag setups and is now also formed another bear flag for a potential leg down to the $5 range. This could drop down to as low as $1 support.
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future.
POINTS:
1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS
2. Current Trend: Symmetrical Triangle Pattern
3. Earnings Report 03/23
RSI:
1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points.
2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED.
IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed.
SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo.
SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
