NIO trade ideas
looking at the chart at 1hr or 2hr strong signs of reversal!.is it finally over!? looking to consolidate in the 12 or 13s for the week, looking to go long anywhere @ $12.25 if it were to drop again at support which would be unlikely as sellers have lost momentum.
looking to enter long @ 12.50 and expecting profit of atleast 10% even if I were to enter at $13.50, personally see more upside for NIO fundamentally overall as a ev company to dominate the eastern market. Not ignoring the signs but see signs of reversal up from here on out if it were to retest the 14s and 15s again before earnings!!!
NIO Looong termIf you know Gann, you know what these lines mean. A tunnel through the air is plotted for the next Lassonde curve. Track your moves and pivots on the wheel of twelve. This should get very interesting soon. MACD Divergence and zero cross. Support on sevens. Resistance on twelves.
Boost if you agree. :)
NIO | Solid Price Action At The Current BottomHi,
Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles.
The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies.
Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
Technically NIO looks attractive; I like the way it found a support level from my previous call(s) at TradingView. I like the previous monthly close and if somebody is interested in it then I can give a technical confirmation. Technically it is solid but you have to consider fundamental risks to invest in China and etc.
Technically haven't seen such a price action that can be attractive for me on the NIO chart. I cannot say that it is the best but first time, since the all-time high, it looks solid and I would like to share it - odds should be in our favor ;)
NIO price got a rejection upwards from the minor horizontal area, there was also the psychological number of $10 and a gap fill from 2020. These criteria held it, got a rejection, and now in the last week it found a great volume and it brought the price to another obstacle which is around $15. So a little pullback was expected.
A strong area around $15 can act, and actually has already acted, as a solid resistance level. Still, I'm waiting for that retest because we have some short-term new higher highs, a strong bullish weekly candle close above the Weekly Moving Average of 50 (orange line).
* Considering the recent price action then we should see the retest and an optimal buying zone should stay between $9.5 to $12.5
* First targets updated on the chart room
Good luck!
Is there a reversal pattern on NIO?NIO seems to be forming an head and shoulders pattern that can mean a trend reversal and consequent price adjustment.
The right shoulder is yet not quite formed but it seems to be heading that way.
Should this be confirmed we can see us testing support at $12 or even $11
NIO AnalysisPrice consolidated since my last analysis. Price gave a good reaction to the downside while respecting the current bearish OB, but not yet given a confirmation to break to the downside. No changes to my expectations, will be waiting for a break of market structure to the downside before a bearish move is confirmed.
NIO - POSSIBLE ELLIOT WAVE 3 ENDINGNIO has followed a bearish trendline very beautifully.
Can see theres still room for further downside. My count shows that NIO is close to completing wave 5 of (5) of ((3)), so thee are multiple sequences that NIO will be completing at this area with the target range within the pink lines ($7.40-$4.88). Can it go lower? Of course, its markets that decide, will it go lower? probability wise not here and not now, but after wave 4 rally, we can favor stronger bearish move lower.
I would suggest being patient with NIO as market wide sentiment is 'take caution', and as always never throw all your eggs in 1 basket. Manage Risk and use a DCA strategy to accumulate a position. Below$6.00 is great area to buy some NIO but always be prepared that it can drop all the way to the lows
NIO is forming a bull flag before further moves upwardsThe recent NIO rally came to an halt and is now correcting.
I think we can expect the price to drop to around $13.70 which a support level. Should we go much lower than that price point and we might see a trend reversal to the downside. Next support should be around $13.15.
If price holds above $13.70 this pattern is confirmed and we should be a new try at piercing through the current resistance level ($15.45).
NIO, mby close your shorts guys, this one is goin places Everything is going in favor of NYSE:NIO , i wouldnt short this.
When you buy now ist not even FOMO, long-term 100+ for sure.
Make your own analysis, i m all in on this one, selling on 120, until that HODL !! :D
Have a succesfull day ! NYSE:NIO