NIO Inc.
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Taking long after pullback

6 010
* RSI heavily overbought 4h tf
* VOLUME starting to cool off
* Pullback after impulse!
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Just a reminder:
Fib extension 1.62% (2.36) may still be in play if price goes under 4.00 again
Its the ultimate low on my chart

Impulse leg what was formed 1.05 = April deliveries

Last time in April 2020: Price range 2.12-2.36 (matches with the current Fib 1.62) - where the rise started
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Taking the Long ONLY if the 4.00 price does not break!
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Fib 50 retracement and support line
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What does this form remind You? ABC correction (fib50) in bullish flag
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Got in, lets see how it will go.
News, sales etc all good for that move (ONLY MY OPINION!)
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I`ll take the risk
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We have Volume!
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Should be next move because : RSI overbought, downwards channel upper line and as always a little healthy pullback before upward continuation
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Breaker?
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Company Achieved New Record-High Monthly Deliveries
NIO delivered 20,544 vehicles in May 2024, representing a substantial increase of 233.8% year-over-year. The deliveries consisted of 12,164 premium smart electric SUVs, and 8,380 premium smart electric sedans.

Now we could see a little push to upside!
As for now, I think this is only temporary push.. We need to maintain these delivery numbers every single month to start growing!
Good luck for everyone!

It’s not a financial advice!
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We are in a high volume area! I hope that it will be our first proper SUPPORT 5.23-5.33
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If we are looking the extended trading chart, then we are also close to a breaking point to upside. As this far, support holds the price well.. IF it breaks downside then we could see 4.72 again or even going to fill the gap below (but I don`t think that it will happen). Anyway, I`m going to add 1 more position (reason is on the chart)

Trade safe!
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Added at 5.25 1 more position

Be careful! Every day sun don´t shine!
İşlem kapandı: durdurma seviyesi
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Well.. earnings report did it´s thing and "voilaa" stop reached..
We dropped quite heavily compared to stock price itself.. ~10% or so
Now I wait to fill up the gap below
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Did a little math (only my opinion and what my excel shows) .. my estimates would be for Q2 (September 7th):
Cars: 48-50 000
* April: 15 620 confirmed
* May: 20 544 confirmed
* June: considering `22 and `23 June sales ~12-13 000


Total revenues: ~2,25bilj

It seems that we are heading into accumulation period, now we need to keep an eye on Volume.
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It all depends on 4.72
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Buyers can`t keep up the sellers pace...
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We have:
a breaker from 4.72
we touched the downtrend channel
we have a 5th wave down
RSI - oversold
Fib - a proper pullback from recent impulse leg
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Too many times, when price have touched the trendline and reacted, fingers crossed RR 1:2,5
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For me it`s time to enter.. Gap is almost filled and there`s no reason why we should head more south! Analysts are making these fake and stupid articles here to push people even sell more and more.. It`s a typical "shake off" of retail investors I believe.. We have seen this before: after people have placed their orders and then It pumps up and people are trapped for very long time.. It´s very dangerous area even for shorts now..
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Trade safe!
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NIO Inc. Provides June and Second Quarter 2024 Delivery Update

* NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-year
* NIO delivered 57,373 vehicles in the three months ended June 2024, increasing by 143.9% year-over-year
* Cumulative deliveries of NIO vehicles reached 537,020 as of June 30, 2024

There`s no way we can go to south anymore.. Nio`s deliveries meet with analysts predictions!
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Coming to the weekend.. Nio Day 2024 will be held in Guangzhou, Guangdong province in southern China. Guangzhou is one of the most economically developed cities in China.

During the event, Nio will officially launch its SkyOS vehicle operating system after unveiling the system during last year’s IN event.

“SkyOS is Nio’s full domain operating system, which builds a “1+4+N” technology cluster covering vehicle control, intelligent driving, cockpit, mobile connectivity and many other areas, it said at the time,”

So let`s pump some profits out!
Good luck to all!
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Same chart 4h tf, possible TP area marked
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4.50 must hold for squeeze to continue
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There will be a "rug pull" ...
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Let`s test the support zone.. if it holds we`re all good

* For the week of September 2-8, Nio (NYSE: NIO) saw insurance registrations of 4,500 vehicles in China, down 25% percent from 6,000 in the previous week - SHORTS can now press the F3 again
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A bigger picture with comments

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.