CapitalintheCity

CapitalintheCity Updated 

During the first dive, volume is at its lowest. It dips slightly during the formation of the second dive in the middle, then gradually rises as the final shake-off takes shape, eventually reaching a high point. Observe what's happening, a divergence between price and the On Balance Volume. 2020 // While the stock formed lower lows, the OBV stayed near the same...

CapitalintheCity Updated 

Placing the fib-retracement tool on the top of the chart and the recent bottom, I see that many level coincide with the support and resistance areas on NIO's chart. Short-term, I see NYSE:NIO breaking out of this falling wedge: It takes ~140 days for the third dive to play out. (Inverse H&S pattern, IMO). See my previous post for a more in-depth explanation:

CapitalintheCity

Watching the OBV, I notice that it has tanked recently forming a wedge. Usually stocks build up the pressure, release it on the OBV, and the stock price rallies for months if it plays out on a long-term chart, as is the case with NIO. I'm expecting a rally to $30-$40 in the coming months.

CapitalintheCity Updated 

Nio has seen a long period of consolidation and the sentiment is at all time lows, it seems. I think that the stock is in the 'depressive' phase where holders are exhausted, and accumulation is taking place. I'm betting on a breakout to $10, and then $40 on a long-term rally.

CapitalintheCity Updated 

NYSE:NIO is an EV maker in China, that moves close to AMEX:KWEB and other ETFs. We didn't see the stock price move like during this TVC:HSI or NYSE:BABA rally, where the large Chinese equities were bid up this week. Instead, NIO has stayed flat. Looking at the historic structure, and NIO's pattern today, I compare them and form a conclusion that this...

CapitalintheCity

Currently, the Emerging Markets ETF AMEX:EEM has finished the wave 2 retracement to the 0.382 fib-level. I'm expecting a multi-year long wave 3 that will propel AMEX:EEM out of the bull flag. .382 bounce and a breach of the .236 level

CapitalintheCity

These Chinese instruments look bullish in the short- and the long-term. With an inverse H&S formed on the TVC:HSI , a breakout will push NYSE:NIO higher as well.

CapitalintheCity

I think GameStop's stock is about to break out of this consolidation pattern. I'm seeing an ascending wedge, indicating that accumulation is taking place, and I expect a markup phase to begin this week. Raid time in 4 minutes.

CapitalintheCity

NASDAQ:GCT is an e-commerce platform company that delivers stellar growth numbers. A catalyst for the stock could be the next quarter earnings, where first signs of profit from their acquisition are expected to kick in.