$NIO - Price Target $2.36, Short on Downtrend OPPORTUNITYDowntrend still intact. Short at the the top of downtrend for a max profit at $2.36 major support and at the bottom of channel.
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−1.51USD
−2.98 BUSD
7.85 BUSD
1.92 B
About NIO Inc.
Sector
Industry
CEO
Bin Li
Website
Headquarters
Jiading
Founded
2014
FIGI
BBG00LPXZB46
NIO, Inc. (China) is a holding company which engages in the design, manufacture, and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV. It provides users with home charging, power express valet services, and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China.
NIO: Losing a Critical Support Level!Daily Chart (Left):
Resistance at $6.05: The price lost the $6.05 level, which was previously acting as support along with the 21-day EMA. This rejection led to the current bearish momentum.
Support Level at $4.97: After failing to hold $6.05, the stock is likely to retest the $4.97 support
BTFD Buy the dip dont trip NIO Still has more appreciation in price before meeting market expectations by what analysts on wall street say. Trump win good for China as a trade deal already in place. Valuations are at extreme value-stock valuation levels based on earnings multiples. Prices went parabolic and overshoot in many but
Possible parabolic move on NIO!?🔉Sound on!🔉
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Harami?I will check, whether it is a Harami building today. Probably it is not a Harami as the lower lunt ist to long. Nevrtheless it is not a confirming candle but a reversal one.
I am selling some NIO stocks now. The rise seems to have been to fast and the downward correction may still continue a bit lon
The "saga" continuesLack of volume!
It "could" jump up, but I don`t think so.. 50-62% is so called healthy , but 72 is kind a suspicious..
Trade safe!
NIO bullish breakout on high volume
Nio has broken the 5 month downtrend channel on high volume following good earnings. Next target is $5.65
EV NIO USDTo get something straight, I'm not interested to invest into the vehicle industry market, especially not when the asset is held in USD.
The pattern may end up in a Crow pattern (explained by Timothy Sykes).
As for now and ever it will follow the path of least resistance.
backup snap
Closing the gapPrice is going down to green support where a gap is waiting to be closed
Around 5,50$ price will probably reverse moving up to blue trendline
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