And it sells for a mere $3 on the New York Stock Exchange. Simple things usually work the best, Currently, NIO Inc. stock doesn't match any of these trading strategies, so our recommendation is not to buy now. Save my name, email, and website in this browser for the next time I comment. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978, Relative strength (RSI) crossed up the 70 level today, marking a value of 75.47.

Manward Press founder Andy Snyder recently released a new video on why an investor might be interested in purchasing shares of the “Tesla of China.” And it starts by comparing NIO with Tesla Motors (Nasdaq: TSLA) itself. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. On the other hand, reopening too broadly too soon can also have negative economic impacts. If you found Andy Snyder’s analysis of NIO helpful, you will want to sign up for his free e-letter, Manward Digest. in philosophy from the University of South Florida. The EVE market is a very lucrative market, and has a significant strategic importance to China. As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Of course, Tesla is the famed EV manufacturer headed by the controversial mogul Elon Musk. If all goes as NIO expects, it (and the auto investors holding its stock) will soon own 86.4% of NIO China, rather than 75.9%. Like other oscillation indicators, the RSI ranges between 0 and 100. We'll assume you're ok with this, but you can opt-out if you wish.
Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. Trading strategies let us to avoid impulsive decisions based on our feelings or the noise that surrounds the market.


And the key to this speculative play in NIO is the fact that the Chinese government is doing a big favor for its homegrown EV company: tremendous subsidies.

Price is more likely to "rebound" this level rather than break through it.

Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. That’s basically one-third. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components. The EVE market is a very lucrative market, and has a significant strategic importance to China. NIO was hurt earlier in the year by the spread of the coronavirus. You can even buy a NIO CFD (contracts for difference) if you are in a country where it’s allowed. Required fields are marked *. Phasellus fermentum vitae tellus quis suscipit.

Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. As mentioned above, NIO is a tech penny stock that specializes in the creation and selling of electric cars. Nunc ut lorem quis urna auctor ornare quis in sem. A support level is a level where the price tends to stop as it falls. Nunc fringilla dui lorem, congue blandit ex egestas in. somewhat volatile.” Ahem. Hargreaves Lansdown – buy NIO physical shares (ADRs) Saxo Capital Markets – buy NIO shares for trading; IG – buy NIO shares on a spread bet; Ayondo – buy NIO shares as a CFD; Buy NIO shares on Hargreaves Lansdown.

This doesn't mean $NIO will slide in coming sessions, or it will not rise higher. Just supply and demand imbalances. Vestibulum dapibus orci ut felis consequat euismod. The company was founded in 2014 by William (Bin) Li and Qin Lihong. When to sell your stock must always be determined by the stop-loss (automatic or manual), Currently, NIO Inc. stock doesn't match any of our preferred sell setups, so if you hold NIO Inc. stock and your operation is in profit probably is not time to sell now, Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. This is the kind of price action technical analysis you will learn in our trading community. Donec sodales viverra ante, et scelerisque libero iaculis sit amet. There isn’t much you can’t buy through them. Is NIO A Good Stock To Buy? Nunc fringilla dui lorem, congue blandit ex egestas in.

The company is also rolling out its retooled version of the ES8 SUV. We can see how a strong imbalance located at #1 around $275 per share has played out nicely, and a new imbalance is being created around $3.80.

Snyder also points out that shares of NIO and Tesla are both up over the past month. The high degree of leverage can work against you as well as for you. Privacy Policy | Newsletter FAQ. So the virus has the potential to impact the Chinese economy far less going forward.


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