Johnstonks8

Johnstonks8

Good morning, no no, great morning all NIO investors. Today we see that NIO finally broke that depressing ass Trend line and on its way up. I have not been posting for a while because there has not been any updates really, but now that there is a break in the downwards trend, NIO is finally looking bullish on a larger scale. This is not financial advice this...

Johnstonks8

NIO has been in a down channel (red channel) after breaking downwards form the massive wedge it formed earlier this year, you can see that wedge in my previous posts. NIO has now confirmed breaking upwards from that channel and retested that red trend line. NIO will now follow the new bullish channel (green channel) unless it forms a new chart pattern (none seen...

Johnstonks8

Short and quick, check my last couple posts to understand more. Reversal of the bearish channel trend should be happening. Good buying entry. Not financial advice, easily could be wrong.

Johnstonks8

Quick TA today Clear down trend (blue channel) Clear breaking of the top trend line (bullish) Volume spike confirming breakout Waiting on the retest confirmation before buying a lot more (dropping back to $18.50) Next leap to $34 Not financial advice, this is just what I see happening. Let me know what you guys think.

Johnstonks8

Hello fellow NIO investors, in this post I will compare the bullish fundamentals and the bearish technical analysis of NIO. When a stock has such strong fundamentals like NIO, one may be confused on why the technical analysis is bearish. Fundamentals: BULLISH (new-ish news) - NIO getting approved to be in the Hong Kong and Singapore markets (by march 10th), that...

Johnstonks8

Hello NIO investors, we are reaching the end of this year-long consolidation which happens to be a falling wedge. This is good. A falling wedge is a CONTINUATION pattern if it comes after a large bullish run which NIO did have (almost 5000%). Therefore, NIO will CONTINUE to go up drastically after it hopefully breaks up out of it. Secondly, NIO is almost at the...

Johnstonks8

You can read my last post on why NIO will hit the 70 dollar price target soon. However, for the short term, It may come back down to hit the third fib level and become oversold at the same time to create a greater motive to buy. Just keeping all outcomes on the table, not financial advice, do your own research, this is just what I see happening.

Johnstonks8

Hello, NIO holders and long-term investors. I come with good news. Now that all the panic sellers and "stupid Money" have sold, NIO is finally in the best buying opportunity for the following reasons: 1. The Falling Wedge has formed. As mentioned in the famous book "Technical analysis of the financial market" by John J Murphy, a falling wedge forming after a...

Johnstonks8

A falling wedge following a bullish run is a good indicator of another bullish push. It seems like NIO finally broke out of the falling wedge which should be confirmed tomorrow with another large green push or a small red candle to retest the wedge and continue up next week. All in all NIO as a company is expanding rapidly. This is looking good. This is not...

Johnstonks8

NIO Seems to be cooling down and preparing for the next jump. There is a massive wedge on the 1D chart which is confirmed by the decreasing volume lasting the whole duration of the wedge (white arrow) and the price action bouncing perfectly between the purple trendlines. I'm expecting NIO to retest the top of the wedge (first green and red arrows) one more time...

Johnstonks8

We could be seeing NIO preparing for the next run!

Johnstonks8 Updated 

RULE OF THUMB, when a stock goes up a lot, expect a "healthy" pullback. What is a healthy pullback? It is when the stock drops and bounces on one of the three main FIB levels. Any drop past the 0.6 FIB level is an UNhealthy pullback. Now NIO has gone up 80% since the previous trend reversal low at $30, we see a pullback to the 0.5 FIB level at the $55 resistance,...

Johnstonks8

I would like to point out two things: 1. NIO had an 80% run-up then had an expected pullback at the $55 resistance. What you can see from this fib I drew is that NIO bounced off the 0.6 fib level which proves that it was indeed a healthy pullback and nothing to be upset about. 2. And secondly, can we all appreciate how sexy and consistent that green trendline is?...

Johnstonks8 Updated 

NIO seems to have broken out of the down channel and retested that top trendline yesterday (red circle) this is good news! It appears like it is preparing for the next jump up, however, It seems to be getting rejected at the 43 resistance. If NIO is able to break that 43 level, I see it consolidating between 43 and 46 for a couple of weeks/month before the next...

Johnstonks8

The crypto correction we have all been waiting for... I am seeing strong support according to the 0.618 fib retracement, in addition, the RSI is almost at 30 near the oversold level, resulting in a good buy-in opportunity. However, if the price drops below the 0.618 fib level, I would be very cautious and wait for consolidation before making a large buy order. ...

Johnstonks8 Updated 

Here is the promised update to the NIO chart idea I noticed. Check out my other post where I explain why NIO's chart is showing signs of a measured move pattern, here I am simply just giving an update to my followers. It seems like NIO is following the second leg/stride however we still need some more confirmation. I am waiting to see it have a clear bounce off...

Johnstonks8

NIO is currently in a downtrend much like the rest of the tech sector due to the semiconductor chip shortage, therefore, I am not seeing NIO's price drop as a reflection of the company. However, through the tribulations of the pandemic, market correction, chip shortage, and so on... NIO has continued to thrive and not only released news of a new cheaper EV to...

Johnstonks8

NIO has been on a roll the past couple of days, it definitely needed a pullback. I see NIO retesting the 200 MA which perfectly happens to be at the 0.5 fib retracement and then continuing its bullish path towards $50. I do not see this as anything more than that so I am not worried. This is not financial advice, this is just what I see happening. And for my...