Nio looking to bounce to resistance levels from supportNio is at strong support zone.
Nio might be boucning back to 34.7 as min TP and then 36/37$ for short term here.
If Nio breaks yesterday's low then it would be better to close long positions as proability of Nio breaking support will increase.
Thus a tight stop loss at around 29.5 would be better while taking such position.
Trade safe, Enjoy.
0A1K trade ideas
NIO under attack. NIO is under attack from several sides. I see it falling to a new LOW (mid 20's) after NIO day, if it even gets to go up by NIO Day.
1. China FUD & delisting fears.
2. Inconsistent monthly productions and lower than expected sales due to high priced vehicles. "Production of an economically affordable vehicle can boost sales."
3. Paid influencers like jim cramer spread more fear and cause more exists from the stock and lower newer investors.
4. Inflation fears.
5. USA China relationship.
These are all driving the stock down. Most problems will ease if a new model that is economically affordable and with the chip shortage easing in 2022.
Long term falling wedge is forming and we can see a break out after the 1st Qtr of 2022. "Maybe".
make it or break it area on NIO 🚨nio starting to look like it may be in a longterm downtrend channel especially if this support at 30 fails to hold.
price targets on smaller timeframe if support breaks: 30.47-25.87.21.25, If we bounce off support we can go to 38.
goodluck! like and follow for more 💘
Chinese 'Tesla' is going to explode!NIO inc. a Chinese electromotive company is about to grow immensely. It almost finished its correction since january 2021.
Best opportuniny to long term invest after squeezing this trendline and breaking it.
The price should go to at least all time high price.
NIO capitalization at the moment (November 10, 2021) is 67 bil, there's plenty of room to make x10 at least!
Chinese 'Tesla' NIO failed to break through and is very weakChinese 'Tesla' NIO failed to break through.
I was expecting NIO to break the trendline and to explode to new all time high, but it failed.
At the moment there is a chance to complete an 'M pattern, probably take short SL hunt and touch a trendline one again, but the momentum is weak, price is about to crash down.
The very least and bullish option what I expect is it makes double bottom and continues its range during next 3-6 months.
The worst scenario is it collapses down to $16-17, accumulates much more money in that area and then continues its healthy long term grow.
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Nio Long Term View and EW CountNio for foreseeable future is looking bullish as per speculative EW count in the chart.
Risk/Reward for investing in Nio is looking pretty good since Tesla has set an example and made ATH maybe other EV companies will follow that trend.
I would be happy if more people would be interacting with my posts and ideas as it will make it a worthwhile to post ideas and discuss them with TV community.
Rest, enjoy everyone.
NIO buy the rumor, sell the news for NIO Day.Delisting fears, productions and deliveries issues all prevented NIO from running to ATH's this year along with all Chinese ADRs. However, with production ramping up and good December deliveries we can see a new Uptrend. I think post NIO day will see a heavy pull back due to tax harvesting, as those who made gains and bought back in and held throughout the year will see to avoid taxes on their gains. Let's see what happens. Best of luck to all.