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...
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...
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...
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...
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.
The correction of NIO appears to be over and has a potential for a long term swing reversal. The key low seems to be in place at $4.78. Confirmation of the low will be when the RSI Breaks out of the downtrend connecting the Jul 31 2023 high and the Dec 26 2023 high. If we were to get rejected and break the $4.78 low it would negate the pattern and price should...
1. RSI Divergent @ Key Level Discount Zone. 2. Bullish Smart Money Leg. 3. Testing EMA 2 Month Major Resistance. My Play Book is Follow Buy if price breaking above $6.30 Target @ Next Key level $16.23
Its been a long time coming but today NIO has hit my buy point after a long and devastating bear market. And its no impossible that this bear market could continue down and down but today it has hit a significant Support @$5.65 and the 0.618 retracement @ $5.55. So far today it is printing a hammer on the day chart and although that can be considered to be an...
NIO hit the first TP of our trade set up and then violently reversed. We had a SL at 6.99 that got triggered and we took a loss for the rest of the position. Although we took a loss, we can see how well our levels were respected, and why a SL at 6.99 was key. As soon as we fell below 6.99 we proceeded to fall another +10%, and now we sit at 6.34. There is no...
NIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers. On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator confirms that NIO is in oversold undervalued territory. NIO is at the bottom...
This is one of my favorite Leap Options positions for 2024 and let me tell you why.... In the Chinese electric vehicle market, there exists a formidable contender that stands toe-to-toe with the mighty Tesla ( Ok a bit exaggerating but you get the gist) . This company, known as NIO, has been turning heads in the industry with its innovative technology and...
I am currently long other electric car manufacturers (TSLA and RIVN), but not NIO. I am waiting to see if it can break above AND HOLD above this bearish trendline dating back 6 months.
Elliot wave 5 completed. Falling wedge pattern confirmed. First target: 10.44 (elliot wave) Falling wedge target on chart. Good luck.
The rsi is low and near where you would expect a bounce but its still pointing down. The wix indicator is near its range low and turning from downward to flat then hopefully upwards but we will wait for a green dot with confirmation of rsi at 30% ish. MAx 1.5dollar loss compared to 100s% gains its a good bet.
trend support zone goes back to early 2023, we have seen some big bounces from it! also 5-6 dollar round numbers support to back it up. ladies and gentlemen, we call this cluster support! a rally from 8.77-14.99-22.19 🎯 is possible from here! Im loving the risk to reward, boost and follow for more.. thanks 💝
NIO approaching Fibonacci levels 0.618 at $5.56, I’m also waiting for bullish divergence to form on the 4H timeframe which has not occurred yet, so I see continued downside for now, we may be getting close to the turnaround again maybe near 0.618.
NIO’s stock has potential for growth in the coming years due to several factors: Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1. Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per...