malcolmsequerah

malcolmsequerah

This is a very good buy signal for me to add more positions into Nio. However, please be aware that investors are still being shaky and cautious due to the massive market correction. Many of the retail investors are stuck at highs and we would see some side ways motion for a week or two.

malcolmsequerah

If this resistance breaks this week we might see it go to 50 by end of the week.

malcolmsequerah

Nio broke the downward pressure and as mention in my last post its now having a reversal. Have a good day bulls!

malcolmsequerah

Very crucial for Nio to break this pattern, if not we will see it retest support levels quite soon.

malcolmsequerah

Though Nio has risen today, it still has not broken out of the downtrend pattern. I believe a good entry point/averaging position is when it breaks this downward pattern to be on the safe side.

malcolmsequerah

Nio would need to break the 39 Mark to have a reversal. However, if it doesn't we will see Nio test the 30 support very soon and if it breaks then It would probably dip to 28-26$ a share. This is unlikely in my opinion but possible. Stay safe out there investors its getting choppy.

malcolmsequerah

It will be trading between the 47-41 range for the coming weeks before gaining momentum for a rally up to break all the resistance. IMO I still see Nio at $100 per share EOY. Do fell free to comment and tell me your opinions.

malcolmsequerah

My target is 60 by end of the month if nio breaks 50 by this week

malcolmsequerah

IMO I think Nio will bounce off the 50 support and start heading new ath

malcolmsequerah

IMO CCIV and lucid will not be a close competitor with Tesla or even Nio or even Li Auto as I find that this hype is the same thing that went on with Nikola. I see it will probably drop to its $35.61 mark once investors starts taking profits.

malcolmsequerah

IMO I think it would trade in the flag pattern until earnings. Nio will have a breakout to 75-80$ mark once it can break the resistance at 64.60.

malcolmsequerah

Possibility to break resistance before closing or by the next few days and by then we can hope to see new ATH to around the $75-$80 mark.

malcolmsequerah

Nio possibly going to have a break-out within this week.