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NIO Inc

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NIO/N trade ideas

NIO Setting Up + Upcoming Catalyst NIO DAYNIO, the electric vehicle company is setting up again after being on a serious downtrend since its surge in January. This surge was the result of lots of "hype" around the name, the rise of Tesla, and its upcoming NIO day which happened on January 9th, 2021. We saw a massive run up the month before, around 60%. This year, NIO day is happening on Dec 18th, 2021. This should cause an influx of volume and talk about the name. Keep an eye on this one. In order to confirm the Elliot waves, we still need to create the (E) section of the triangle. Once this is confirmed, I believe we can start rising. However, with NIO day approaching soon, there is the possibility of NIO ripping before the set up completes. I will be watching for any signs of a pullback and be entering calls and shares around the 38-40$ mark. Definitely keep this one on watch because we know from previous bullish runs, that this thing can RUN. The upside potential is very high here.
NYSE:NIOLong
by GRInvests
Waiting for the Triangle pattern to be finished | NIOToday we will take a look at the current formation on NIO From a technical perspective, we are observing a triangle pattern. But what is a triangle pattern? Ralph Nelson Elliott one of the fathers of modern technical analysis, and the creator of the Elliott Wave theory, Identified that the price moves on impulse and corrective sequences. One is followed by the other one. Based on that he defined 4 types of corrective patterns -Flat -Zig-Zag -Irregular -Triangle He also created a system that helps us know when a pattern is finished or we should keep waiting. The example we will use is a triangle pattern. Triangle patterns have 5 waves ABCDE, once we are able to count those waves and we can define clear edges both on the top and bottom of the pattern, we can think about breakouts and the beginning of a new impulse. In the current situation of NIO, we can count ABCD, and we should wait for E to be sure that the pattern is finished. Once we have that, we can define activation levels as you can see on the chart, and we can define invalidation levels below the structure. The targets of these structures can be defined using fibo extensions or cloned channels. The main purpose of this is to find situations that we are sure are finished and avoid engaging on charts that we don't have certainty about that. So my conclusion on NIO is that the pattern is not finished yet, and I would like to see that E wave before thinking about the idea of a new bullish trend happening. Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
7
NIO Elliot wave detail analysis Nio is currently showing a pendant flag with a break out possibility. The correction impulse had ended on October before the Q3 2021 report and are currently building momentum for a 5 step impulse wave. Drawing a visible range from the drawback from ATH , the price is currently extremely close to the strongest support for the year. The ema 20,50,200 further confirm the price is currently at a very right range, showing a promising buying point , they are ready to pull away from each other. The potential upside gain is more than 50%
NYSE:NIOLong
by treemaam
2