HI it's Mr.P From YT. Here is a bullish wedge and we are reaching the apex and could see an explosive breakout very soon! I have more in depth analysis on my YT
think we hit the bottom for nio here. that should conclude wave2 (ABC) for wave 3 i aim for 110$ and wave 5 could be 130$ or higher , waiting for wave 3 to finalize first
Current dip is nice opportunity who missed below $10.
Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.
Possible 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...
Nio is now trading around the level of March 5. According to our primary expectation, the share is likely to fall below this level once again before the magenta-colored wave (C) and thus the superordinate beige-colored wave II comes to an end. Only when this low has been established should the stock return to a sustainable upward structure. Initially, the blue...
Have you shorted yet? Did you sell before the flag breakdown? As I have been discussed in my previous chart, there are bearish flags setting up. 1st target is around $3. Remember length of the flag pole = Measured downside. Continue to sell on strength with more downside profit
This is good strong demand level And we will be in a better place with this team and we are confident that the future will look better
NYSE:NIO close on Friday (3/23) exposed it to lower lows. Elliot wave theory works in both directions and this time it's a long setup. My PT is $3.90 for entry in April, partially based off of old trading from 2019-2020 and mostly based off of what you see on the chart. GL!
NYSE:NIO ended the week with a swing low in week 36, a good timing for a weekly low, the price is seeking a yearly low price too. We need price to close above the 10 week moving average for full confirmation that the weekly cycle has turned a corner. On the monthly chart we see some positive divergence building on the TSI & RSI.
NIO (NIO): NYSE:NIO NIO has recently slipped below the $7 mark, signaling a possible continuation of its significant downward trajectory. After peaking at $66.99, NIO has been on a prolonged decline that shows no immediate signs of concluding. While the descent is expected to persist, it's critical that the price stays above the $1.19 threshold to maintain a...
Strong Fundamentals NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers. Innovative Partnerships NIO’s recent partnership with...
What are your thoughts? I'm going to let price action take it's course.Gaps need to be filled.
In a strategic move to drive innovation and lower the overall costs of electric vehicles (EVs), Chinese electric vehicle manufacturer Nio ( NYSE:NIO ) has partnered with battery giant CATL to develop longer-lasting batteries. This collaboration aims to address the critical challenge of extending the lifespan of EV batteries, ultimately enhancing the affordability...
Nio went above the red box, any retracement to red box is a buying opportunity to expect higher prices. We are far from stop area which is the lowest wick on the chart. If we pass the red box above then we can reach to 7.14 areas.
Either we are consolidating, for Wave B then C down or this is some how could be counted as a base for Wave 3 trying to establish a ballistic move up. I have analyzed it extensively mentioning all probable bullish/Bearish out comes with statistics and probabilities. In a nut shell seasonality is favoring a bearish move Vs fundamentals, car production, that are...
Here are some potential BUY opportunities for NIO from a technical view. Lets see how this develops.
The chart is fairly self-explanatory. We have a huge amount of support at the ~7.00 level. The descending trendline may keep us from breaking out much past the $8 mark. And it could do a full round trip back to supply at $7. EV has been crushed and this may be a good opportunity for a lower (NOT LOW RISK) trade with a safe stop.