NIO - Bearflagging in the key zone
Rejected VMA at 24 and now showing signs of bearflag on daily.
Early to call, but any push above hear and below VMA (black line) should be treated with skepticism. In fact, it'd be a good spot to short with the S/L just overhead at VMA
If it can close above VMA, then watch for continuation to 30-32 before pullback.
Disclosure: I am long at 20.90, will give it a couple of days with breakeven stop loss if the pricer moves higher or 20.50; whichever hits earler.
NIO trade ideas
$NIO a technical blessing 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Chinese Electric Vehicle company $NIO today at $22.50 per share. Our first take profit is set at $27.50. We also have a stop loss at $21.
OUR ENTRY: $22.50
FIRST TAKE PROFIT: $27.50
STOP LOSS: $21
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NIO 6/16/2022NIO Daily chart analysis
Enter the matrix, this NIO is not the “one”.
NIO had its fun moving upwards. The Uptrend started Jun.’20 at around 4.00 and continued moving upwards reaching 55.00 by Nov.’20 all while respecting the 50ema.
By Dec.’20, price made a sharp drop and fell to 39. It was caught by 50ema where it rebounded, and price broke out and moved above 55 to all time highs.
Unfortunately, price was unable to hold the breakout and on Feb’21, it fell back below 55 and closed below the 50ema. This deemed the breakout move a “false breakout” and close below 50ema signaled the possible end of the uptrend.
After closing below 50ema, price fell to 34 where it found support. It bounced back above 50ema and retested 55 but failed to make a higher high. Price was shot back down to support at 34.
Price has officially lost the uptrend and has entered a sideways market between 34-55.
After landing at support area of 34, price makes a move upwards but fails and now makes lower high. We now see buyer weakness with lower highs into support area at 34.
Dec.’21, price breaks down from support at 34 and sideways range can now be labeled a Distribution stage.
Price now looks to start Downtrend.
We also see a Death cross with 50ema crossing under 200ema. This signals the bearish conditions in the market
Jan.’22 price enters downtrend and moves from 34 to 13 all while respecting the 50ema.
We then have a pullback to the 50ema which is acting as Dynamic resistance.
To go along with this pullback, we have an overbought Stochastic signal. This was cue to enter trade short.
After that short entry, price proceeds to move down to 11.72.
It has since pulled back to Dynamic Resistance and its currently where we find ourselves.
We also have an overbought Stochastic signal. This is my cue to enter trade short
Confirmed Downtrend + Pullback to resistance + Overbought stochastic = Short entry
Entering trade short
Entry: 19.18
Stop Loss: 22.78
Target: 11.78, +39.06%, 2.19 RR ratio
NIO BULLISH SCENARIOHey everyone. This is my first time doing any TA at all so I am open to any and all advice
It looks like Nio has filled its previous gap and bounced off of support at $20.52. If this support is held today, Then I believe we will see an upward movement towards $23.96 with a price target of $26.22
NIO - Adam & Eve bullish breakupAdam and Eve (A&E) is a kind of "double bottom" pattern, a potentially bullish reversal signal.
NIO broke out of the A&E patten today on a strong gap, increasing it's odds that the trend has reversed (to the upside) and is likely to follow thru in the medium term. Near term pullback possible (and could present opportunity to long at lower risk) but unlikely to close this gap soon.
Expect some consolidation as it hit into resistences on the way up.
Theoretical target for such a pattern is around $32. Let's see if it will work out (manage positions with trailing stops).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NIO- Setting up to rally? **UPDATE**on June 22 I posted "closed positions around $17.50 since at that time I wasn't seeing the bottom. Now we're at $22. Wanted to see what this community was thinking in regards to this running down to fill the lower gap and then a rally to fill in the upper gap?"
Today I wanted to revisit this after some thought and figured Id ask you all for your thoughts. Rather than telling me that I don't know what I'm doing, Id much rater recieve real constructive feedback since I am still very new to this.
Im seeing an Inverse Head and Shoulders pattern setting up out to end of August but for the near term July, Im still seeing the Ascending Triangle. According to the Ascending Triangle, it broke my resistance line on Friday.
Im Bullish on NIO long term
Again- Im still new at charting, so would appreciate any help or feedback on what I may be doing correctly, to incorrectly.
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!
dont forget to like n follow if you enjoy my work, thank you :)
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)