NIO: Confluence of Factors1. NIO is back above $30 level, does it look like a fake / shake-out to you? It certainly does to look like that to me!
2. Now have a look at the weekly chart and see how both Fibonacci 61.8% level and 100 weekly MA create a nice confluence at the rebound area on the chart.
3. Nice confluence leads to stronger confidence in the price at this level.
4. Conclusion going forward - we are going upward from here!
Due your own analysis and please share comments down below.
-LTT
0A1K trade ideas
Clear bullish signal! A message for the long term NIO investors Hello, NIO holders and long-term investors. I come with good news.
Now that all the panic sellers and "stupid Money" have sold, NIO is finally in the best buying opportunity for the following reasons:
1. The Falling Wedge has formed.
As mentioned in the famous book "Technical analysis of the financial market" by John J Murphy, a falling wedge forming after a great bullish run is seen as a CONTINUATION PATTERN. Therefore, NIO will CONTINUE its previous bullish trend. Take it more like a large pennant or a bullish flag pattern. (Literally just google the patterns if unfamiliar with them)
This can be confirmed by two things, one, the price action is reacting to the pattern, three touches on both descending trendlines as seen in purple. Secondly, volume is steadily decreasing throughout as represented by the red line on the bottom (this is good). These are both CONFIRMATIONS on the pattern. If you want to play it safe, wait until it breaks the top trendline and retests it before adding a great position.
2. NIO is oversold.
The RSI has been proven statistically as one of the most consistent, accurate, and reliable indication tools. If you notice, every time NIO has been oversold (30 or below on the RSI) it has made a great stride. Usually, in wedges and other "resting/accumulation" patterns, the market would wait until there is a great "motive to buy" usually either being oversold on the RSI or news (sadly as all the real NIO investors noticed that news doesn't really affect this stock for some stupid reason). HOWEVER, NIO has both, oversold and AMAZING news from NIO day.
3. The fundamentals are amazing.
NIO has been approved and started manufacturing in its new NEO PARK in Hefei, estimated to produce 120 THOUSAND units per year which is larger than Tesla's. Now I ask you this, with such an intelligent team behind the company, why build such a massive manufacturing plant if they are unsure if they will be huge in the future? Not to mention they built a whopping 730 swap stations which have swapped over 5.3 million batteries, exceeding this year's estimates.
With over 120% year-over-year growth, amazing revenue, expansion in other countries (NIO day stated that by 2025 they will be in 25 countries), and amazing partnerships, not to mention the new ET5 that beats the Tesla Model 3 (largest EV seller in China) in every aspect especially the battery, NIO's fundamentals are looking solid. Even though the stock has been steadily moving down due to the pattern it must follow, NIO as a company has been drastically expanding knowing that they are going to be massive in the future.
Warren Buffet said, “The stock market is designed to transfer money from the active to the patient.”
He also said, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
The data is clear, the choice is yours.
This is not financial advice, this is simply what I see happening. Let me know what you guys think and if you agree/disagree with what I've said. Don't rely on information from here, anyone can publish. Read what I've stated and conduct your own research, the book I mentioned is an amazing place to start.
NIO - mid term overviewNIO is in consolidation for long time after big upwards price action in form of falling wedge/channel.
Currently sitting on weekly support with oversold condition on RSI.
Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.
Where is NIO's Bottom? 2 Scenarios NIO has been crushed today despite having NIO day yesterday. The overall market today was bearish and bears were in control. I see two possibilities from here. The most probable possibility is another 5% down within this weak and we hit the strong support channel. From there we go to ATH. The other less probable but possible scenario is NIO keeps going down till 22$ that fills a gap in 4H chart and is a major next weekly support. I am more biased in the first scenario. Lets hope NIO finds its bottom this week and we proceed to our next wave towards ATH.
There’s no such thing as the goose lays the golden egg forever!“There’s no such thing as the goose that lays the golden egg forever.”– Jim Simons
I want to start this post with my last Bullish analysis for NIO on January 2nd, 2021 which is by far one of my best analyses ever:
Then my Short analysis when it was 57, January 30, 2021:
And reviewing the Crash forecast for EV makers in February 2021:
The challenge with no winner, June 30, 2021, when the price was 55:
looking at the NIO performance table you see: 16% weekly, -26% monthly, -19% quarterly, -36% in the past 6 months, and -42% loss in the past trading year!
In other words, anyone who bought the stock in the past year and hold has made a loss..!
My new Target for NIO is 10-12 USD/share in the next 6-12 months!
It may sound crazy, But not for those who follow my NIO analysis in the past trading year..!
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 Day 2021: Here's Everything You Need to KnowThe new vehicle targets Model 3.
NIO held NIO Day 2021, its most important annual event, today in Shanghai's neighboring city of Suzhou to unveil the company's future plans and the highly anticipated new sedan, the ET5.
The following is a live text update from CnEVPost based on content obtained at the event.
William Li, founder, chairman and CEO of NIO, began by unveiling the company's plans for global expansion, saying NIO will enter Germany, the Netherlands, Sweden and Denmark next year.
The company has already entered Norway, NIO's first stop in overseas markets, and opened its first overseas NIO House in Oslo in October.
NIO aims to serve users in more than 25 countries and regions worldwide by 2025, Li said.
NIO plans to have more than 1,300 battery swap stations, more than 6,000 supercharging piles and more than 10,000 destination charging piles in China by the end of 2022.
NIO has provided more than 5.5 million battery swap services to customers, an average of 20,000 services per day.
NIO announced the launch of Clean Parks, an ecological co-building program, and will invest CNY 100 million over the next three years to support the use of electric vehicles and the construction of clean energy infrastructure in nature reserves around the world.
NIO's flagship sedan, the ET7, which has over 20 new features and enhancements in production, will begin locking in orders on January 20, with deliveries starting on March 28.
The company's new mid-size sedan, the NIO ET5, was officially announced, featuring NIO's supercar DNA and a concept designed for autonomous driving.
The length, width and height of the NIO ET5 are 4,790, 1,960 and 1,499 mm respectively, with a wheelbase of 2,888 mm.
The ET5 is NIO's first model with an all-glass roof and is available in up to nine body colors.
It is equipped with the same LiDAR configuration as the NIO ET7, with the component placed on the roof.
The ET5 comes standard with NIO's super sensing system Aquila, as well as the super computing platform ADAM and frameless electric suction doors.
NIO's latest autonomous driving technology, NAD (NIO Autonomous Driving), will also be available on the ET5.
The full functionality of NAD will be available in a monthly subscription model, ADaaS (AD as a Service), with a service fee of CNY 680 per month, which will be provided gradually upon completion of development and validation.
The interior of ET5 is similar to that of NIO ET7, providing an instrument screen as well as a central control screen. The lighting effects inside the car can follow the rhythm of the sounds.
The ET5 will be equipped with AR/VR technology, and NIO has developed exclusive AR glasses with Nreal, an AR manufacturer invested by NIO Capital, which can project a 6-meter vision distance.
NIO has also developed NIO VR glasses, the world's first automotive-specific high-performance VR device, in collaboration with NOLO, a VR technology company invested by NIO Capital.
The ET5 uses a dual-motor intelligent four-wheel drive system with a 0-100 km/h acceleration time of 4.3 seconds and a braking distance of 33.9 meters from 100 km/h to zero.
The ET5 with a 75kWh standard range battery pack has a CLTC range of over 550km.
The ET5 with the 100kWh long range battery pack has a range of over 700km.
The ET5 with the 150kWh extra-long range battery pack has a range4 of over 1,000km.
The ET5 with the 75kWh battery pack is priced at CNY 328,000 before subsidies and CNY 386,000 for the 100kWh battery pack version.
Consumers who use NIO's battery rental service BaaS will see the pre-subsidy price of the ET5 with the 75kWh pack reduced by CNY 70,000 to CNY 258,000, with a monthly battery rental fee of CNY 980.
Under BaaS, the pre-subsidy price of ET5 with 100 kWh battery pack will be reduced by CNY 128,000 to CNY 258,000, and the monthly battery rental fee will be CNY 1,480.
The NIO ET5 is available for pre-order now and will open for delivery in September 2022.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NIO - POSSIBLE TRADEHello there,
As you can see in the chart NIO is approaching the 0.618 Fib level, and a previous support around 26$
We will enter this trade once NIO touched the 0.618 Fib level and bounce and we will ride all the way up.
Our SL will be breaking this level.
Our Target: Sky is the limit.
Cheers.
Nio Stock In DangerNio is making IMPULSIVE move in downward direction indicating of strong downward trend and is looking more than likely to break 30$ support and flush down to even Gap No. 1 then up until Major Support Nio can slide down.
This is also coupled with how chinese stocks are being threatened and US Investors are losing their faith in some Chinese stock and even Alibaba stock hasn't found it's bottom.
That is why, Trade Safely and enjoy this educational Idea about Nio.
Nio : Support and Resistance Analysis. This is a basic analysis based on recent support and resistance levels.
Nio is making IMPULSIVE moves in downside direction
and for short term it MIGHT bounce to whatever level it CAN but IF IT BOUNCED then highly likely it would be getting rejected from its Recent levels which is 34-35$.
As I said in my previous long term analysis for Nio, I used different Perspective and still could not find evidence regarding bullish case for Nio.
So, Nio is looking very bearish for foreseeable future and Please note This analysis is not intended for Short term movements .
Also, I could very well be wrong. Thus, Trade safely and I hope you would like this educational idea about Nio.