Bearish Technical Outlook on NIO

5 окт. 2021 г.

NIO has been bearish for a long time now. We were initially in a megaphone pattern and rising wedge, which resulted in a dump earlier this year. We tried entering back into the megaphone but failed. Now we are in a macro descending triangle and micro head and shoulders pattern.
I do not like the chart, therefore I will rate NIO as a sell on the next test of resistance. If the base of our triangle breaks, then the head and shoulder pattern would have come to fruition.

7 окт. 2021 г.

Заметка

Upgrade from Sell to Under-perform!
It seems to have support at the base. NIO shall attempt to retest the upper resistance trendline of our descending triangle one last time ($44 Target) before more downside.

A breakout from our triangle to the upside will lead to a BUY rating.
I like the fundamentals of this stock, however, Chip Shortage + China FUD...

11 янв. 2022 г.

Заметка

Outlook correct.

22 янв.

Заметка

Bearish outlook intact. Direct correlation with China's markets...