Good evening traders,
After NIO's rapid growth Pre-Covid, the company has failed to make a comeback. In my opinion this was due to its rapid growth and impulse move back in 2020. My rule with impulse moves is the market will tend to retrace 100% of its initial move.
Following the fall of NIO for the past several years, it has clearly been bouncing from a descending trendline and so far it has touched 4 times. I expect NIO to continue to drop, the $3.00'ish price seems to be a good price to enter with a possibility of it reach the $1.00 area. I'm expecting a breakout soon followed by a retracement back to the trendline and bounce up until is reaches the $27 dollar area. This is just the technical aspect of this analysis. Hope this helps some of you with your investments.
Don't forget to like and follow for more trading ideas & trading opportunities. Happy Trading!
After NIO's rapid growth Pre-Covid, the company has failed to make a comeback. In my opinion this was due to its rapid growth and impulse move back in 2020. My rule with impulse moves is the market will tend to retrace 100% of its initial move.
Following the fall of NIO for the past several years, it has clearly been bouncing from a descending trendline and so far it has touched 4 times. I expect NIO to continue to drop, the $3.00'ish price seems to be a good price to enter with a possibility of it reach the $1.00 area. I'm expecting a breakout soon followed by a retracement back to the trendline and bounce up until is reaches the $27 dollar area. This is just the technical aspect of this analysis. Hope this helps some of you with your investments.
Don't forget to like and follow for more trading ideas & trading opportunities. Happy Trading!
Dagangan aktif
Good morning everyone, NIO has officially started to make its move up! This will take some time as there are still tariff issues that have caused major slow down on demand, but also the removal of barriers so that NIO may sell their vehicles in other countries, including the U.S.
You might think, the U.S. has plenty of companies already producing EVs but, NIOs ET9 suspension system could be much superior than TESLA or any U.S. company. Only time will tell..
Hope this helps, don't forget to boost the idea if you find this helpful and comment below for any other stocks you would like to know about. HAPPY TRADING & BE BLESSED!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.