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NIO - NIO Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Sep 18, 2018.

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    [​IMG]

    [​IMG]


    NIO LIMITED manufactures and markets electric vehicles. The company offers electric cars under EP9, EVE, and ES8 brand names. The company was formerly known as NextEV Limited. NIO LIMITED was founded in 2014 and is headquartered in Shanghai, China with additional offices in San Jose, California; Munich, Germany; and London, United Kingdom.
     
    FINITE likes this.
  2. fireopal

    fireopal Well-Known Member

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    think i was busy watching/fuming over TLRY & missed move here but have on radar. Cheap compared to TSLA but really can't compare the two!
     
  3. Onepoint272

    Onepoint272 Well-Known Member

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    NIO was under accumulation since October leading up to a television interview on 60 Minutes with the CEO whereupon it jumped over the creek. A 50-cent-box by a 3-box-reversal point and figure count shows cause for an effect to $15. Waiting for the weak public hands to be shaken out on a Back-up-to-the-Creek before buying.

    Daily:
    upload_2019-2-26_23-28-36.png
     
    Three Eyes and bigbear0083 like this.
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Jan 30 was the SOS?
     
  5. Onepoint272

    Onepoint272 Well-Known Member

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    Maybe, but had I been looking at the time I don't think I'd have recognized it as an SOS. For sure Feb 25th (Monday) was not only a JOC but also a recognizable SOS.

    The Sign of Strength (SOS) and the Jump over the Creek (JOC) are often the same action and therefore likewise the Back up to the Creek (BAC) is often a Last Point of Support (LPS). The LPS should show a narrowing of price spread and decreased volume compared to the SOS indicating a lack of supply.

    But Jan 30th could have been an SOS since the retracement to the $7 area had the attributes of an LPS. Nevertheless, there can be more than one SOS and LPS.

    Today's (Wednesday's) action was an inside day and still showing good price spread and high volume....sitting on my hands until we see a lack of supply compared to the Monday-Tuesday SOS.

    Daily bars:
    upload_2019-2-27_22-9-48.png
     
    #5 Onepoint272, Feb 27, 2019
    Last edited: Feb 27, 2019
    T0rm3nted and bigbear0083 like this.
  6. moss_sumit

    moss_sumit New Member

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    Anybody holding it over the earnings on Mar 5th?
     
  7. Onepoint272

    Onepoint272 Well-Known Member

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    I'm not holding but I may buy it on Monday, before the ER which is Tuesday before market open. If I'm able to watch it Monday and it retests Friday morning's gap-up at 9.66, on lighter volume than the gap-up, I'll probably buy it. If it breaks higher then I'll have to think on it.

    30-minute bars:
    upload_2019-3-2_18-11-56.png
     
    T0rm3nted and bigbear0083 like this.
  8. bigbear0083

    bigbear0083 Content Manager
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    Just thought to post this in here as there are conflicting ER dates in regards to NIO for tomorrow.

    This is per EW (earnings whispers)-

    [​IMG]
    [​IMG]

    No one seems to know for sure if they are reporting BMO or AMC tomorrow. ¯\_(ツ)_/¯

    Anyway just thought to pass this along in here.
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    T0rm3nted and bigbear0083 like this.
  10. Onepoint272

    Onepoint272 Well-Known Member

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    After that Spring on the intraday chart, I picked up a couple lots today, Monday. Since the longer term chart has proven demand
    with a SOS after building cause for a move to $15 and since the shorter term came from strength and appears to be re-accumulation I thought the odds are a good the CM will take this higher after the ER.

    30-Minute bars:
    upload_2019-3-5_0-5-19.png
     
    T0rm3nted and bigbear0083 like this.
  11. moss_sumit

    moss_sumit New Member

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    Beat on revenue but poor guidance so the stock is sliding ~10% after-hours.
    I'll will continue to hold and add whenever price is right
     
  12. Onepoint272

    Onepoint272 Well-Known Member

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    Well either the break up out from the range was an Upthrust after Distribution (UTAD) and it will fall back into the range or the after hours action is a back-up to the creek. We'll see what the regular trading session brings.

    I believe this chart includes most of the AH action today. However Think or Swim is showing the last AH low at 8.30 and close at 8.35.
    upload_2019-3-5_20-38-15.png
     
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  13. rg7803

    rg7803 Active Member

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    Nice chart even there is not so much history.
    I like trading boxes. Easy to spot, easy to place your orders, easy to bailout when you're wrong.
    This one is a good exemple:
    -buy the pullback at 8$ OR
    -short bellow 8$ and cover at 6$
    -buy again at 6$ .... and so on ...
     
  14. TomB16

    TomB16 Active Member

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    "NIO cancels plans to build a local factory after heavy 2018 losses"
     
  15. Onepoint272

    Onepoint272 Well-Known Member

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    In time, it will eventually be ballyhoo 'd as a wise cost-saving measure and the founder praised for not being a pothead. In the meantime, the beating continues and I have serious reservations contemplating that the breakout was an Upthrust after Distribution (UTAD). Perhaps the 6.60 axis line will hold and we'll get a half-ways decent bounce.

    Daily bars:
    upload_2019-3-7_19-40-3.png
     
    #15 Onepoint272, Mar 7, 2019
    Last edited: Mar 7, 2019
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  16. moss_sumit

    moss_sumit New Member

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    I thought it was prudent and honest from the management. They said they can build 100,000 units out of the existing arrangement with their vendor (with possibility to expand it to 140,000 units). So while they wait for policy decisions from Chinese govt and impact of Tesla - it's better to shelve the plans for new factory.
     
    Onepoint272 likes this.
  17. internationalstocks

    internationalstocks Active Member

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    I think around $6 it should be ok to buy again
     
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  18. Onepoint272

    Onepoint272 Well-Known Member

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    Good call @rg7803 and @internationalstocks, it appears buyers were stepping in today absorbing the supply of stock for sale. The price was down again today, but looking over the past 4 trading days, of the 3 highest-volume days, today showed nearly as much effort (trading volume) as the first and more than the second but with much reduced result (compare true ranges highlighted in light red). We should see it bounce soon to retest the ice.

    Daily bars:
    upload_2019-3-11_17-13-20.png
     
    #18 Onepoint272, Mar 11, 2019
    Last edited: Mar 11, 2019
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