NIO Cars Have Four Wheels & A Double Bottom?NIO Cars Have Four Wheels & A Double Bottom?
I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart.
Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks.
What confluences further influenced my position on NIO?
-9 MA approaching the 21 MA for a crossover
-Broke above the weekly timeframe resistance zone
-Bullish Harami pattern spotted on 4H chart.
*Special note- NIO gapped down January 24, 2022. The gap size is approximately 5.08% or 1.32.
The reasons aforementioned is the explanation for my bullish stance on NIO.
*This is not financial advice.
Peace & Prosperity,
MrALtrades00
NIO trade ideas
NIO, after the crash.Long time ago i published a comparison of APPLE in 2000 (and the following years) versus NIO in 2020
Seems like the 80% crash that was supposed to happen as the bubble burst happened, and this MAY be a buy point for a HODL for the following years, expecting if not the same returns as apple during the last 20 years, at least something not TOO far.
Linking the previous analysis below :D
RSI determines where we go next on NIO! NIO as predicted in my last post, we saw trend resistance act as support for the 2nd time and bounce. also bounced off the RSI support mentioned.
Now we are at make or break it resistance on RSI, many rejections from this level in recent history so we must pay attention to it now!
if we break above RSI level the rally to 18.44-24.15 continues, but if we see another rejection on RSI then a dip to 12.22 is possible.
please don't forget to like and follow if you enjoy my analysis, thank you! :)
NIO (NIO) | Starting To Get Attractive Around $10Hi,
Criteria:
1. Channel projection (quite subjective)
2. Mid-number $10
3. Fibo Extension
4. Previous minor resistance can play a role inside the zone
5. Potential gap fill
Do your own research and if it matches with mine you are ready to go.
Regards,
Vaido
Nio's, next uptrend, Here is why.Hello.
To begin, please let me state that "I am not a financial advisor nor a fiduciary".
I have been checking Nio for sometime... story short... so with the finonacci channel tools I can predict that Nio has a slight possibility of drop to more or less $13, although, Nio should have bullish position by mid/late this coming week and it should be bullish untill reach $32/34 zone anytime by June 22nd.
Moreover about Nio and its latest news about being delisted from NYSE.... latest drop on thursday was just a little panic but as you can see in may rating sites Nio is still srong buy, so here is the next deep touch down to $13 ( more or less) by next week and next uptrend for bullish or long players.
NIO idea I’m very new at charting but attempted this chart of NIO for the upcoming week. Based on structure i would expect movement to the downside but marked price points for calls as well (green).
There are two gaps that never filled marked in orange that may make for a bit of price action
Constructive feedback is welcome.
strategy for NIO monday 05/02/2022Hello trader: NIO opens bullish then has a slight drop. Once the opening is above the closing price, it will be in the sell zone. it is considered bullish only when it is above (18.24)
the bearish entry will only be below (16.64) it is at the opening it can reach the sale price and from there it will bounce to look for the maximum zone we wait for confirmation to sell
"Is NIO Emptying The Cup?"NYSE:NIO
www.tradingview.com
Is NIO Emptying The Cup?
Please drink water my fellow traders because we all need to stay hydrated. Summer time will be here before you know it. Therefore, I encourage you to increase your water intake.
On another note, NIO developed an inverted cup and handle pattern on the daily chart. My question to the trading community is quite simple. Is NIO emptying the cup? I have my cup and am ready to catch the water in case it..."pours". If it does I will "hydrate"!
Strong confluences at play include- The 9 MA crossed UNDER the 50 and the 21. Also, NIO is currently trading under its 200 moving day average of 32.06.
My plan-IF it trades below the green "handle" (16.16), then I will enter a put option swing. However, if it breaks ABOVE the handle (red line of handle), then my analysis will no longer be valid.
~Peace & Prosperity,
MrALtrades00
*******This is not financial advice*******This is not financial advice*******This is not financial advice*******This is not financial advice*******
NIO Buy SetupNYSE:NIO Signal
Entry - $10
Target - $27
Invalidation - $2
Risk to reward ratio - 2.13
Technical confirmations
Gap between $9 and $11 where unfilled orders have to filled.
Price once rejected $10 level and then broke it. We think that $10 level could act as a potential support.
We have a 0.886 Fib retracement level at $9
Fundamental confirmations
Why should price reach Entry level?
Because of the lockdown in Shanghai businesses are getting logistics problems.
COVID-19 lockdown and China political situation with Russia influence foreign investors to sell their stocks.
NYSE:NIO is in the list of Chinese YTD share performance sectors that are vulnerable to COVID lockdowns
Why should price reach Target level?
Debt to equity ratio: <1 (Stable company)
Has a stable cashflow
According to Nasdaq, CNBC long-term price goal - $33
Gap fill and falling wedge opportunity for NIOHello Friends!
I like Nio long-term and I’m looking to add to my position if it retraces back to $15-$17 zone. Also $15 to $17 is the bottom support of the falling wedge. If support is found at $15 it should breakout of the falling wedge for more upside, Gap fill #2 and #3 might not fill IF breakout happens.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
$NIOSaw this inverse H/S posted by someone else and wanted to check it out...
I see $NIO moving in this channel and it looks to have some momentum getting back to the top side; especially with the restart of production lines. There is also a vol gap here that should start to fill. Then looking to break my trendline and the 100day.
NYSE:NIO
Nio's inverted head and shoulders pattern.Nio began settling into an inverted head-and-shoulders pattern on Feb. 17, completing the left shoulder of the formation between that date and March 1, the head between March 2 and April 4 and working to form the right shoulder between April 5 and Wednesday. The right shoulder is not completed yet, however, and will need additional trading days, where Nio trades up higher toward the neckline, in order to further confirm the pattern.
If Nio reaches the neckline of the pattern and then breaks up through the area on higher-than-average volume , it will confirm the pattern was recognized by the algorithms.
The measured move, if the pattern becomes completed and recognized, is about 91%, which indicates Nio could soar up over the $40 level in the future.
For bearish traders, there is a possibility a bear flag pattern is being developed on the daily chart , with the pole created between April 5 and April 11. If the bear flag becomes the dominant pattern, the measured move is about 19%, which indicates Nio could fall back toward $16 level. The possible bear flag will be negated if the stock is able to recapture the eight-day EMA as support.
Nio has resistance above at $21.77 and $23.98 and support below at $20.25 and $16.75.