NIO trade ideas
make or break it time! 🙌very nice rally since we identified trend resistance turned into support at 13-14 level! :)
now on the verge of breaking longterm bearish channel, if it can breakout a rally to 36.5-48.9-61+ is possible, but we must wait for confirmation!
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NIO.....The consequence of a "Morning star"!Hello Traders,
on May 16, NIO, the EV car maker, has finished a correction within a wave 4, by completing a „Morning Star“!
That pattern was done and occurs close to the 0.382 Fibo of wave 3.
Since then, the stock has risen from USD 16.44 to 20.77 this week. The idea is valid, and the move is part of a wave 1 of 5.
As long as NIO is trading above the low @USD 11.67, this count is valid!
My next target area is around the 23.78 – 27.22 zone, what includes a wave 4 level of lower degree and would close the open gap, left by trading on end of January 18, 2022!
More bullish potential exist!
Well, I will follow this count and will update the in the coming 1-2 weeks.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIO maybe “reaching” $37-$38 ONLy. 19/ June/22NIO possible found its “temporary “ base as its monthly chart forming a pin bar/ doji candle stick bullish pattern. Price could trending up to around $37-$38 which is next 1) major supply zone 2) Upper Downward trendline resistance of Parallel Channel (yellow line)
$NIO - BEARISH SCENARIOEntry: upo breakdown of support and simultaneous completion of descending triange.
TP: upcoming support level
SL: 1 ATR above "Buyer's Territory"
Manage Risk!!!
No trading advice. Just going through hipothetical scenarios. I don't know what are your bias, risk aversion, favorite time frame, r/r and so on.
NIO Inc. (NIO, BUY)COVID Lockdowns Weigh on 2Q Guidance; Set to Recover in 2H
Maintain BUY and Decreasing PT to $35
NYSE:NIO
We are maintaining our BUY rating and decreasing PT to $35 (was $40) after NIO reported in line 1Q:22 revenue, with margins below expectations. With 1Q deliveries (25,768) preannounced, investors primarily focused on 1Q margin, 2Q guidance and 2H outlook. Vehicle margin declined to 18.1% in 1Q, down 310bps y/y and 280bps q/q, 136bps/86bps below Tiger/consensus, mainly due to increased battery cost and revenue mix shift. The company guided 2Q deliveries to 23,000 – 25,000, decreasing from 25,768 in 1Q, primarily due to supply chain disruptions caused by COVID. Despite the supply-side constraints, NIO's order intake reached a record-high in May, suggesting robust demand. 2Q vehicle margin should further decrease from 1Q, as battery cost, which peaked in April, is now linked to raw material price based on the new procurement agreement with the supplier. Although NIO increased prices by RMB 10K for all models in May, 2Q deliveries are still pre-price-adjustment vehicles. However,
as production recovers in 2H and battery raw material price declines, gross margin should start
to recover in 3Q. NIO will start delivering ET5 in September, and ES7 in August. NIO plans to
start delivering the mass-market brands in 2H:24.
Overall, beyond the temporary supply chain constraints, we see robust volume and margin recovery in 2H as NIO starts to deliver two new NT2.0 models (ET5 and ES7) with higher gross margins. Current valuation of 2.0x '23E sales is also attractive compared with TSLA's 7.2x. Maintain BUY.
NIO Adam and Eve double bottom / DragonNYSE:NIO
Nio has been in the new recently so i decided to take a look at the chart.. and heres what we can tell
beaten down Chinese stock that has already started to bottom out...double..bottom..out lol
not only it is a double bottom but its a near perfect representation of an adam and eve double bottom. POTENTIALLY
which would make setting PTs for this fairly straight forward.
ALSO with that double bottom the large structure looks to be that of a Dragon with a very clear spine.
again which would make setting PTs for this even more straight forward
however you'd like to look at this chart one thing seems for sure/ from a purely technical standpoint this asset looks like it has plenty of upside to run.
let me know what you guys think in the comments.
and as always , happy trading
$NIO Analysis, Key Levels, and Targets$NIO Analysis, Key Levels, and Targets
So I don’t have a NIO position at the moment, but I did yesterday… I closed my options out in January and for a 17% move in NIO I took 25% on my options…. Not a bad day, and it was just a 1 day hold… and when NIO dips I’m buying again…
I like NIO, and to me it’s starting to look very bullish. It’s likely to become one of my regular plays again along with RIVN and LCID. I might even play TSLA again at these levels. I do believe that EV companies will do well in the next few years.
Any other EV or FuelCell companies on your radars??
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
so lovely, Im in love with NIO stock <3very happy with china plays recently, performing so well compared to most other plays. last week I hit 1,100% on baba and today my nio calls hit 500% overnight, and I'm not surprised they already ran this hard!
anyways its creating a nice bullish trend channel now and anyone who entered yesterday got the perfect dip entry, short term targets are still 21.88-26.36
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#Nio long trade idea based on VP analysisNio was a bullish stock until the China fears took over the market. It still commands a good brand recall in China and should recover its price crash as China unlocks
The chart also suggest a squeeze breakout and volume study gives us probable targets for the immediate short term . welcome comments and dissenting views