STOCK HOTLIST Here are two stocks I am currently watching. Lots of big shifts happening across the board in all markets. It is important to stay adaptable, flow like water as Bruce Lee says.
NIO trade ideas
NIO down to the hellNIO dropped badly during the last two weeks
Price reached bottom of medium trend channel down but long term channel still have space to drop more
I think price will reach 5.30-5.40$ before a bounce can happen (blue arrow)
Yesterday price find support on medium term border and is also possible ad up move to 7$ (light blue arrow)
Profits inc: Reliable Double Bottom and Wedge pattern.Nio is poised for a long-term investment. Two of the most dependable indicators have been confirmed almost simultaneously. Combined with a Williams Percent Range of -96, this makes a strong case for a high-risk, high-reward opportunity.
Target 1 and Target 2 pointed out. $NYSE: NIO
All the best.
The Unraveling Tale of NIO Amidst the EV Industry Challenges
In the ever-evolving landscape of the electric vehicle (EV) industry, one player that has found itself caught in the whirlwind of challenges is NIO Inc. (NYSE: NYSE:NIO ). The once high-flying stock has witnessed a staggering 90% decline from its peak in 2021, raising concerns about the company's resilience in the face of intensifying competition and industry saturation.
The EV Industry Blues:
NYSE:NIO 's struggles are not isolated but are symptomatic of the broader challenges plaguing the EV sector. Even Tesla, often regarded as the gold standard, has faced a 28% drop from its 2023 high, yielding ground to competitors like BYD. The sector's smaller players, such as Mullen Automotive, Canoo, and Fisker, are grappling with cash burn, further contributing to the overall industry turmoil.
Market Saturation and Global Competition:
NYSE:NIO 's unique focus on the Chinese market, once considered a strategic advantage, has become a double-edged sword. China, flooded with electric vehicle brands like Xpeng, Li Auto, BYD, and Tesla, has become a battleground where companies vie for market share. Additionally, NIO faces fierce competition in Europe, with concerns arising from the EU's review of China's EV subsidies. The fear is that Chinese companies, including NYSE:NIO , enjoy subsidies, making their products more affordable than those produced within Europe.
Financial Lifeline and Global Expansion:
Despite the challenging landscape, NYSE:NIO has made strategic moves to secure its financial future. A recent $2.2 billion deal with CYVN from Abu Dhabi provides NYSE:NIO with a financial lifeline, tapping into a region experiencing exponential growth driven by tourism, finance, and energy sectors. This influx of funds positions NYSE:NIO well for the future and reduces immediate concerns about its financial stability.
Deliveries Surge Amidst Margin Pressures:
While NYSE:NIO managed to boost its deliveries, reaching 160,038 vehicles in 2023, a 30.7% YoY increase, the company grapples with thinning margins. The gross margin dipped to 8% in Q3 2023, down from 13.3% the previous year. NYSE:NIO attributed this decline to the industry-wide trend of slashing prices to remain competitive. The delicate balance between increasing market share and preserving profit margins remains a pivotal challenge for the company.
Technical Downturn and Bearish Outlook:
Technically, NYSE:NIO 's stock price has experienced a persistent downward trend, breaching key support levels and remaining below crucial moving averages. The Relative Strength Index (RSI) dropping below 50 further underscores the bearish sentiment.
Conclusion:
NYSE:NIO 's journey in the coming months will undoubtedly be a test of its adaptability and strategic prowess. As the EV industry undergoes a seismic shift, NYSE:NIO 's ability to navigate these challenges, secure global partnerships, and maintain a delicate balance between growth and profitability will determine whether it can rise from the current slump and redefine its position in the competitive electric vehicle landscape.
NIONIO is looking interesting.
Backed by the Chinese Government.
Not profitable yet, but could gain large market share if EV trend continues.
Might be a good swing trade.
levels to watchBased on 10 Wall Street analysts offering 12 month price targets for Nio in the last 3 months. The average price target is $10.86 with a high forecast of $18.70 and a low forecast of $8.00. The average price target represents a 65.80% change from the last price of $6.55.
$NIO - MAJOR BEARISH CHANNEL $4.70 1st TargetA Major Downward Channel is still at play with ta 1st major Gap area that needs to be filled at around $4.70. If it breaks, then there is another gap below that with multiple support areas that could break. Final support at at the $1.19 area. Short at each break for maximize profit
Target reachedNIO reached the lower margin of the channelup and price can now try to bounce back heading to the next resistance at 7.95 and then 8.50
Breaking down will go to test again LL around 7$
NIO to $10 by end of January.Hi Traders,
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 $10C @ .15
Option Target: STC NIO 1/19 $10C @ .30 for 100% profit
Options SL: STC NIO 1/19 $10C @ .10 for 33% risk
Happy Trading!
Nio breakdown to good long oppertunitiesNio has great long term potential. The short term resistance breakdown presents a good oppertunity to accumulate the stock as excellent prices. The first buy target is at 5 dollars.
NIO broke down into low volume areaI didn't enter any shorts yet, but I think this is going towards 4.00$-4.60$ shelf after breaking down into thin air zone.
NIO - Massive long at what could be the absolute bottom. I posted this a week ago but not much has changed. It was taken down by moderators because I mentioned something that went against house rules. Nonetheless:
ORIGINAL POST:
Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a few days ago, and have already taken very small profits at the first tp level. I was unable to post here as my account has been hacked for the past 3 weeks and I have only just gotten it back, hence the lack of updates overall. Having said that the community took this trade.
I am posting this now as I believe that if we get above 8.36 then one could strategise a trade on a backtest of that level, so you guys could enter there if you haven't already.
The weekly is posted below
NIO AnalysisPrice failed to played out to my last analysis. From here, the price is more likely to further mitigate the original bullish order block at 6.50 than to make a bullish move. If price breaks the low at 7.03, we could see a confirmation on the Wyckoff re-distribution schematic started in Oct 23.
NIO - Building Phase1 baseNeeds to breakout of the range at 10 and hold 9.50 again for push to 14 and perhaps 21.
Volume profile looks constructive for continuation. Real action will be above 10.
Disclosure: I am long from 8.0 on a half position. Will wait for breakout above 10 for full position
NIO drop and possible bounceNIO is having a bad day on Honk Kong market losing 5%
I think today will open very low on US too
Possible bouce near 7,60$ support
NIO Analysisrice played out nicely as analyzed last week, giving us a -14.77% move to the downside. From here, I'm expecting price to make a bullish move, potentially to fill the FVG at 9.91 since we are currently at the discount array, and mitigating the bullish OB at 7.92.
Enter Nio Longobserving the following chart attached I have the four hour timeframe each candle representing FOUR HOURS of price action, red for bearish, green for bullish.we hit a low of 7.09 on dec 13 2023, hit a high of $9.00 on Dec 18, 2023.Price continued to hit a higher low of 7.92 on Dec 20, 2023, price hit a higher high on dec 26,2023 at a high of 9.43 and currently we have short term bearish momentum in play. Considering Nio having so many shares outstanding versus the amount of shares held or float, expect volatility to be high. If at any time before December ends or even a few weeks into January price were to drop down and find support at 8.43, which i believe is a key SUPPORT or a price were buyers will step in and buy because they think its cheap. Abu dhabis recent investment of 2.2B into Nio could be that support over the $8 price range.
On the right side we have the weekly timeframe and price has support around the low 7s. We've got 4 consecutive green bullish candles allowing us for entry, Price target of resistance needed for next price target 10.09.Mon June 26 2023 was the last time the price was around 10.09 and went up.
Im using the 9 day and 30 day moving averages as my indicators to the rightand if you were to add a volume weighted average price indicator would back up the chart to the left at any sign of support at the price mentioned above $8.43USD.
NIO: Important reaction at support level! But be careful - D & WNIO shares reached our first target of $9.22, set in our last public study, the link to which is below this analysis, as always.
We now see a correction down to the 21 EMA, which is to be expected, given that it has just hit a target. In addition, we see a reaction in the price, which could be a bottoming signal if confirmed. Such a reaction makes sense, since the medium-term trend on the daily chart is bullish, and the reasons are simple: 1) The price has been making HH/HL since its last bottom on December 12; 2) The price is above the 21 EMA, which is rising.
I said in my last analysis that swing trades with a focus on the medium term are technically plausible, and that's still true, but remember that all caution is needed, as the weekly chart is still in a downtrend, and this week's candlestick is a reminder of this.
If the price closes below the average on the weekly chart, we could see another top signal, suggesting further bearish continuation for NIO shares. In any case, I see $7 as the main support point, both in the long and medium term.
We see that NIO is trading around a critical point, near mid-term support levels and long-term resistance levels. Whichh one will prevail? It is too soon to tell, we need to see a clear breakout to confirm any thesis. I’ll keep you updated on this, so remember to follow me to keep in touch with my daily analysis, and support this idea, if it helped you.
All the best,
Nathan.
NIO- Long term BuyHello Traders!
Expecting NIO to mimic the previous movement in the green box which represents our demand area especially that the price started rising in a curve pattern when it reached the support area ... the trade will take time. initial target is marked at the chart.... investors can hold to 20
Good luck
Very basic understanding of support and resistance areas (2 min)In trading, support and resistance are key concepts that help traders analyze price movements and make informed decisions. Here's a basic explanation:
Support:
Definition: Support is a price level at which a financial instrument (like a stock, currency pair, or commodity) tends to stop falling and may even bounce back up due to buyers.
Analogy: Think of support like a floor that prevents the price from falling further. It's a level where buyers are more inclined to enter the market, seeing the current price as attractive.
Resistance:
Definition: Resistance is a price level at which a financial instrument tends to stop rising and may face difficulty moving higher due to seller pressure.
Analogy: Picture resistance as a ceiling that prevents the price from going higher. It's a level where sellers may be more active, considering the current price as too high.
In summary, support and resistance are like psychological levels in the market where buying and selling interest tends to cluster. Traders use these levels to make decisions about when to enter or exit trades, set stop-loss orders, or identify potential trend reversals. When the price approaches support, traders may look for buying opportunities, while at resistance, they may consider selling or taking profits.
NIO long above $10 psych NYSE:NIO bull flag breakout on 1D, broke out of downtrend channel. Failed to break out past &, now looking to re-test. Above 9.54 looks good for leaps past $10. Eyeing May calls and shares in this spot. Stop loss below $8 on shares.
Rounding bottom formed and in tact above 10.15 area
