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NIO INC. USD OVNN

NIO INC. USD OV

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NIO trade ideas

$NIO - Bullish Dragon / Double bottomReal nice example of a bullish dragon setup here on NIO with the first higher low in a while here. A return to the top of the local range from here would confirm the double bottom. Typically youd expect to see a partial decline to come in from there before an attempt to break higher. If the top of the range is tested a second time, itd confirm the partial decline, and statistically favor a break out. The measured move should take you you up to about 9 or 10 but the real trade here could take you above the dragon into the common retracement zone a degree higher, 11, 15, 20. Im not a fan of the company at all, but if theres an opportunity to make money here, the market will surely delivery you a story to support funds taking interest and rallying it with some of the other EV's like TSLA and RIVN.
NYSE:NIOLong
by TradingNomadic
1
NIO Q2 Performance signals potential reversal of long bear trendNIO Q2 Performance signals potential reversal of a 3-year bear trend. NIO Inc. has been in a prolonged bear trend for the past three years, with its stock price consistently pressured by the unfavorable CNY/USD exchange rate, a factor that has affected many Chinese stocks in the global market. However, despite a challenging Q1 2024 that initially appeared weak, there are underlying positive developments that could indicate a potential trend reversal. Key factors: Challenging Q1 2024 with hidden strengths. While NIO's Q1 financials initially seemed discouraging, a deeper analysis reveals several positive aspects. The quarter saw NIO transitioning between product lines, with existing products being sold out as new ones were introduced. This transition, combined with strategic price reductions, temporarily impacted vehicle margins. However, material costs have decreased, and significant cost-saving measures, including reduced R&D expenditures, have led to a substantial savings of over $500 million USD. Record Sales in Q2. NIO's Q2 2024 performance has been a standout, with sales figures reaching record highs. The company has reported a staggering year-over-year (YoY) growth of 143%, demonstrating strong market demand and effective scaling of its operations. This growth trajectory is particularly significant as it coincides with the rollout of NIO's new model, the Onvo, which is positioned to directly compete with the Tesla Model Y. The CNY/USD exchange rate has been a significant headwind for NIO, with a strong dollar placing additional pressure on Chinese stocks in global markets. However, recent economic developments in the United States could signal a shift in this dynamic. Falling inflation rates, coupled with rising unemployment, are creating expectations that the U.S. Federal Reserve might implement a more aggressive rate cut in September than previously anticipated, potentially as much as 0.50%.
NLong
by Cryptovicci
NIO - big picture viewPossible count for a finished corrective at an interesting price point. Now, the only issue here is the impulse count of the last C-wave. There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that. The wave 5 here could also not be finished yet, but that's often difficult to tell on the last waves. Still, since the overlap is there, there are secondary alternatives to consider: The impulse isn't finished yet overall: And if we consider this to be a 3-wave move to the downside, we could get something like this: or even more up and down chaos like this: Should it make new lows There is an open gap at 4.70$ and the macro POC around 4$
NLong
by TophatPandaMagician
6
Nio contractionNio is a position I likely wouldnt hold long term as the company is not profitable and I usually avoid china like the plague. I do however find interest in this as TSLA heats up and the stock has been ranging. I drew new daily fibs from a semi-recent swing high. The stock is basing around 4.3 and there is an obvious general resistive area I drew with the red line. This is the first real attempt to take an EMA in a while and I think the pivot is to follow after this stochastic RSI resets a bit. -I look for another bounce around 4.3$ -My strategy is to sell 4.5$ puts like I did last Friday on the really red days -If I am assigned I will sell covered calls to exit and repeat
NLong
by Apollo_21mil
Long NIO @4.55 (very short term trade)This is a very short term momentum change trade - not my normal overbought situation. I'm hoping to be out of the trade at the end of the day if the stock is up from my entry price. Will NOT add more lots if the price falls. The idea is to buy on the momentum change and hold until profitable or the momentum swings back to negative (latter scenario = loss). This is most often a 1 day trade. With NIO in the last 12M here's the results: 8-1 record biggest loss = -6.8% biggest win = +5.8% Avg gain = +1.5% Median = +1.6% Those may not seem like big gains but remember they are 1 day trades and the capital is then freed up for other ideas. All trades using this on NIO in the last 12 months were 1 day trades except for this one I entered today. The swing was 2 trading days ago but I missed it but the price today was below that so I went long. Will update upon exiting the position.
NLong
by redwingcoach
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave: Key Concepts of Weis Wave Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure. Price Waves: These are the movements in price, which can be upward or downward. Recognizing Bullish Patterns Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation. Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive. Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend. Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume. Example of Bullish Patterns Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares. Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control. Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume. Using Weis Wave for Confirmation Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns. Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength. By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NLong
by VolumeDayTrader
NIO stock - when to buy (NEW)NIO stock remains in a strong downtrend. Generally we expect major indices such as NASDAQ and SPX to continue the downtrend as they already saw rejections from the major resistance line. NIO looks kinda similar as it couldn't break the resistance. We expect the next leg down from where we are. The target for shorts and the buy area to play the bounce would be around $4,50 - 5 $. If we see these prices, NIO stock would be down 93% from its ATH. From there we expect to see some nice rally. Reaching the buy area most likely will happen in Q1 2023. We will scoop up some for sure!
NLong
by vf_investment
14
NIO: A Strong Technicals and Growth CatalystsMonthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by a bullish Morning Star candlestick pattern. Similar price action in October 2019 led to a remarkable surge of over 300%. Two Weeks Chart Analysis: On the shorter timeframe, NIO has broken out of a smaller falling wedge, suggesting an imminent move towards the $7 zone. However, the technical indicators hint at a more significant upside potential. Notably, the two bullish confirmations on the two-week chart, coupled with the RSI breakout, underscore the bullish momentum. Upcoming Catalysts: In addition to the technical strength, fundamental factors further support the bullish thesis. NIO's partnerships, positive sales trajectory, and expansion into the European market are poised to drive growth. Moreover, the anticipation of NIO's entry into the US market adds to the positive sentiment. Risk Factors and Entry Strategy : While the outlook appears promising, it's essential to acknowledge potential risks. Shorters should exercise caution as the stock is undervalued, and attempting to short might be risky. Instead, focus on long positions, particularly at opportune entry points. Look for corrections around $4.6, with potential support at $4.17. Alternatively, consider entry points near strong support levels such as $5.3 (0.5 Fibonacci retracement) or $4.65 (0.382 Fibonacci retracement). Personal Strategy and Disclaimer: Personally, I entered positions at $4 and $3.9, with a stop-loss set at $3.6 to manage risk. I plan to take profits at $10 and $16, aiming for reasonable gains without succumbing to greed. In conclusion, NIO exhibits strong technicals and promising growth prospects, making it an attractive opportunity for bullish investors. Exercise diligence, manage risk, and stay informed to capitalize on the potential upside. I am not a financial advisor, and this analysis is based on personal research and observation.
NLong
by MarketPax
3
Learn Why Ignoring the Signs Costs You!Key Points: Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated. Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point. Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent towards $10.2, coinciding with the 200 MA. Historical Precedent: Market cap breakouts have historically led to an 84% chance of a price surge. Could we see a repeat of June 2020’s performance? In conclusion, NIO exhibits strong technical and promising growth prospects, making it an attractive opportunity for bullish investors. Exercise diligence, manage risk, and stay informed to capitalize on the potential upside. I am not a financial advisor, and this analysis is based on personal research and observation
NLong
by MarketPax
NIO: Bullish Outlook Market Psychology: We are currently in the "despair" phase, which is historically the best time to buy and accumulate. This area represents an optimal entry point for long-term investors. Elliott Wave Analysis: The price appears to have completed the fifth wave of the Elliott Wave pattern, indicating a potential bottom. Technical Patterns: We are observing a parallel channel where the fifth wave of the Elliott Wave converges, signaling the price bottom. Additionally, a deep crab pattern suggests the price could drop to the 0.886 Fibonacci level ($3.88) and potentially reach the 1.618 Fibonacci level ($13.41). After this, a healthy correction is expected, with many buyers likely waiting to enter around the $7 mark, leading to a projected surge towards $35 by next year. Key Levels: Major liquidity zones to watch are $6.05 and $9.60, which the price is likely to target soon. A short squeeze may occur if the price surges and closes above $6. Indicators: The RSI on the weekly chart has broken out of a falling wedge, with a similar breakout observed on the bi-weekly chart. The MACD remains bullish. Fundamental Analysis: NIO is currently investing heavily in building a robust infrastructure, expanding in Europe and the Middle East. This phase of burning cash is typical for growth companies aiming to achieve profitability. NIO’s swap stations alone are expected to generate significant profit. Geopolitical tensions, as always, are likely to resolve over time. Long-Term Outlook: Patience is key. Media often generates fear to exploit market sentiment. The EV market represents the future, with hydrogen technology following closely. By 2030, it is anticipated that 80% of vehicles will be electric, with China leading this transformation. Conclusion: Do not underestimate China’s commitment to climate protection. Although not financial advice, my predictions have a track record of over 90% accuracy.
NLong
by MarketPax
11