new channel created to the upside with a bullish price target of 1600 and low of 1315 by EOY.
SP has rejected at the top of the Descending Triangle last two times. It looks like another setup is happening again. Short opportunity for a PT of $14.
Nio is in a continual downtrend, making lower highs lower lows with new bear flags setting. Technical pointing more selling pressure. There is a gap at around 22-23 level. With possible delisting with SEC shortening the timeframe for chinese stock listing and Evergrande crisis, Nio looks to have further downside. Chinese banks are taking major financial hit due...
Continual downtrend intact. It looks like it wants to see $16 at bottom of the wedge. I would short at this level.
Down trending channel with continual bearish flags one after another. Short opportunity on any rally. lower lows set up.
I would say More Downside on wedge. Repeating pattern setup. 15-17 is the next support area.
Lots of issues with Nio, from technical standpoint and China. Chinese stocks are notorious for Pumps and Dumps, I have been in market for over 20 years. Chinese stocks have never panned out well these 2 decades. FYI, I bought Nio in the single digits and sold at the top around 60s and 50s and began shorting since then because the there were too many red flags. ...
Today is a very great short opportunity at the top of the channel. Lots of downside potential for profits to downside.
Very Overvalued and in overbought territory. Short at the top of channeled. downturned every time it hits the upper channel
Massive Cup and Handle Setup in a massive upward Channel. Price Objective of breaking above $1,300 by EOY/Jan 2022
Still in Consolidation until it breaks out of the 725 area. RSI currently in overbought territory.
Still very bearish technically at the gap at 22. downtrend still intact. I would short on any rally. Lots of negative sentiment around Chinese stocks have been building up. Risk of delisting has been going up.
Very Bullish, after breaking out of Descending Triangle
Today, it pinned the Pennant line, either we continue breaking out or retest lower pennant line one last time before breaking out
Tesla stock has bounced every time it touches the bottom of channel.