NIO....Did you hear the wake-up call?Hello Traders,
NIO, the Chinese E-car maker, has understood! The stock changed the route with a remarkable candle-stick pattern.
At the 2-days chart, you will notice the „Island-reversal-pattern“; price have break to the downside with the „gap-down“ and reversed! This time to the upside. In sum, this pattern marks a „morning-star“!
This new low wasn't sold again, what is normally a strong sign for the stock
To play the idea of a wave „4“ was finished at 13.01 the route is up to new highs above the waves 3 @ $66.99! What a massive rally is ahead!
But if this low at $13.01 was not a wave 4 low and just part of a waves 2/b, the course is downside with lower price in the coming weeks ahead.
Well, let's see what will be next!
One thing is certain: NIO has heard the wake-up call!
Have a great weekend…..
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested at this stock!
N3IA trade ideas
NIO at the begining of a new era..!This is NIO weekly chart which clearly shows the long-term outlook!
with the current trend, 20-15 could be possible in the next few months!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NIO Price TargetPrice target for NIO is $21.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Nio - Watch out for the break out of the channelHello everyone,
China said Wednesday that it would keep its stock markets stable and take measures to boost economic growth in the first quarter, according to the state-run Xinhua News Agency.
The government should roll out policies favorable to capital markets while being cautious in introducing contractionary measures, according to the Financial Stability and Development Committee under the State Council, during a meeting chaired by Vice Premier Liu He.
This is huge, because the reason why Chinese stocks were down so much was due to delisting fears, unstable political environment and the recession looming over us.
While the recession and the war between Ukraine and Russia is not going anywhere as of yet, the improvement in the policies of China and significantly reducing the fear of delisting is something that will have an affect on all the beat-up Chinese equities, at least in the short-term.
Nio is trading inside a decending channel and we need to watch out for a break and possible retest of the last resistance.
In case it does not break though, we are headed down to the 10$ mark.
Good luck!
NIO 14.50 PT BY MARCH 16 NIO will be at 14.50 give or take .50 on or by March 16. The On Balance Volume shows strong selling pressure on NIO, with a clear downtrend channel.
Couple these technical facts with the FED rate hike in one week, and earnings approaching (which I predict to be less than pleasant, given the Geo-Political and economic climate the past two months) NIO will have a hard time breaking resistances.
NIO....All or nothing!Hello Traders,
on August 29, 2021, I wrote my latter analysis for NIO!
Update:
NIO has lost most of it's gains since the huge start of the rallies! The stock is now at an important and interesting level.
Here, the course will be set for the future! If the stock is strong enough to switch the route to the upside, it needs to be done within the next 1-2 weeks. A weekly, better monthly close above the level of 17.88 USD is significant to this view!
A wave 4 is only off the table if price is touching the price territory of waves 1 @ 5.65 USD! But as deeper the correction is moving, the less likely is this idea and a wave 2/b is turning into focus!
So, we have the next idea to play.
If at 66.99 USD a complete impulse wave was done, the running correction is a wave 2 of „intermediate“ degree (elliottwave-forecast.com)!
With special thanks to elliottwave-forecast!
In this case, price can retrace 99.99% of the impulses without violating any rule. Keep that in mind.
But to be honest; NIO is late on this day's. So it would be pretty interesting for the coming 1-2 weeks!
Conclusion: All or nothing for NIO!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested at this stock!
Nio, the amazing car company..Or so you thought.... but, but.. China has so many people and they want these cars. But, but...... If you must have NIO (I really dont know why you would out of 8k tickers out there, but if you must have) be patient....... Personally, I will take a pass on NIO at any price.... I still can't believe people are trying to be bullish on this thinking its going to 200 bucks or whatever their crazy minds tell them.
NIO is nearing the end of its correctionI've been tracking NIO for quite a while now, and the correction has been long, and complex.
I have had this down as a 5-3-5 correction since Feb/March 2021, and it has played out accordingly.
The last couple of days have been confusing, but it's clear that we're on either Wave 1/2/3 of:
5 of 5 of C of 2.
On the Primary count, this is a Wave 2. I was going to buy at $27 at the 0.618 fib, but feel this may go as low as the 0.786 fib at $15.43ish.
I plan to start buying in tranches when this falls below the previous low of $18.08.
Ideally, I want to buy from $17.50 and lower, but we will see what happens!
NYSE:NIO
Bullish Fundamentals BUT Bearish Technical analysis Hello fellow NIO investors, in this post I will compare the bullish fundamentals and the bearish technical analysis of NIO. When a stock has such strong fundamentals like NIO, one may be confused on why the technical analysis is bearish.
Fundamentals: BULLISH (new-ish news)
- NIO getting approved to be in the Hong Kong and Singapore markets (by march 10th), that is another 1.4 billion people who are able to now purchase the shares, with that market being unable to form Short positions, it increases the buying power for NIO's stock.
- NIO continuing to rapidly expand open swap stations and NIO houses, expanding in other countries around the world, and waiting for the semiconductor shortage to end (and the completion of their new factories which are huge) so that they can open their factories at full capacity.
- NIO reportedly is experiencing a large amount of Preorders and is selling very quickly in Norway.
- I could go on and on, for more in depth Fundamentals you can see my previous posts.
Technical analysis: BEARISH
- I tried to re-chart NIO many times as it continued to plummet, resulting in two possible chart patterns on the 1D chart. Seen in purple (1) a wedge, and red (2) a descending wedge, sadly, NIO broke the bottom trend line in both patterns.
It is important to not be emotionally attached to a stock, one must look at charts from an unbiased view to get the best results.
I will hold and continue to add to my shares for I highly think NIO will be a $200+ stock.
Remember what Warren Buffett said "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price." and that is exactly what Im seeing.
This is not financial advice, this is just what I see happening. Let me know what you think.
NIO LongAnalysis done on 30 minute and daily candles. Electric vehicle shares rallied today with NIO being one of the leading performers after their announcement to have a second listing on the Hong Kong Exchange. This is good news for investors because means the company will be able to bring in more capital from a new pool of investors. 2021 was a very tough year for NIO and Chinese stocks in general, the stock was trading at a high of nearly 70.00 at one point, but the rising fears of Chinese delistings and overall market correction has brought down its market value. Looking at the short term, today's rally brought NIO's daily candle up to the 10 day MA line on the daily, but wasn't able to breakout above it. Going into the rest of this week, your best case scenario is NIO gaps above that MA line and continues its rally. That would involve NIO breaking above the 23.15 resistance, which it would then have a price target of 24.50-25.00. If NIO fails to move above its moving averages then it can decline to test the 21.00 support. If it breaks below then it can see 20.00.
Swing on NIONIO appears to be setting up for a nice swing trade, if we can make a higher low and hold on the 1 hour, it would increase chances how having a bullish close above the trend line fueling the move upwards tin which 23.07 level would be crucial to hold to confirm the uptrend. I am personally in some leaps and I am confident my 24.71 and 27.79 levels will be hit. Keep in mind earnings are coming up and markets are highly volatile so as always assess your own risk. Happy trading.