NIO trade ideas
Potential bottom here on NIOI don't own any of this, I dislike anything Chinese.
however, if you're willing to trade a turd, this looks like a nice turd.
Divergences are clear on MACD and RSI.
Support is defined and stop loss FOR SURE below it.
$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.
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%.
$NIO - BEAR FLAG SETUP $2.77 first Price TargetNice bear flag setting up nicely for a next leg down to around $2.77. Short at the break of flag.
Nio: Close Call!We continue to see NIO in the blue wave (iii), which should lead to an increase above the resistance at $7.02. Subsequently, we expect a small correction before a further rise completes the magenta wave (1). Should the share fail to hold the $3.61 mark, which we consider to be 48% likely, we will see it in the beige-colored wave alt. II.
Knocking on hell gateNio price is very near purple trendline
Crossing can be a strong signal for a recovery and a new bullish trend beginning
I suppose it will fail to pass today, heading down to lower trend border at 5.60-5.40$ in the next days
NIO Wedge PatternWedge pattern on NIO. Should have our answer which way it goes by Aug 7. The fact that Trump wants to increase tariffs on Chinese automakers and eliminate EV mandate one first day in office leads me to believe this will break down.
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$
$NYSE:NIO -Buy Now for Huge Stock Market Gains ?! 10X+ Hello guys,
Nio looks like it has bottomed and will now break out of its falling wedge structure. (Ending Diagonal to indicate the trend reversal.
Opened long positions on it, expecting to reach 1.618 target over time.
In my opinion 2. best trade after CGC for Stocks, without being degenerate in AMC and GME.
Let's go NIO!
NYSE:NIO
NIO long pivot for the record $NIOWXYXZ. Z = Y @ log .618
they wanted a longer description so.. long pivot on deck, bullish divergences multiple timeframes. I like to have fibs AND geometry supporting the count as shown on the chart but it lacks geometry. the 5-3-5 zz we want to see in wave Z is a harder sell but im running with this anyway. Weekly timeframe looks obvious but we can nit pick on tiny timeframes.
Bullish Nio
Nio broke out of downtrend channel. Next stop $5 resistance. On the weekly, it broke above its 10 MA. It will target its 20 MA next.
Nio contractionNio is a position I likely wouldnt hold long term as the company is not profitable and I usually avoid china like the plague. I do however find interest in this as TSLA heats up and the stock has been ranging. I drew new daily fibs from a semi-recent swing high. The stock is basing around 4.3 and there is an obvious general resistive area I drew with the red line. This is the first real attempt to take an EMA in a while and I think the pivot is to follow after this stochastic RSI resets a bit.
-I look for another bounce around 4.3$
-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
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.
NIO is a buy only at 2.4$Looking at other similar patterns, like BYD, Nio is a buy only when it reaches the base of the rally, at 2.4$ approximately
Potential BUY opportunities for NIO companyHere are some potential BUY opportunities for NIO from a technical view.
Lets see how this develops.
NIO - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
NIO: Buy ideaBuy idea on NIO as you see on the chart because we have the breakout with force the vwap and the resistance line.
Chinese “Tesla” Swing trade with potential tp of 6-7 and relatively small stop loss seems like a good opportunity to play on trump tsla pump narrative and very good delivery growth numbers. Some shorts must be closed here and send it to fair value of 7 usd per share. NANP
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?
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!
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.
