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FintechZoom NIO Stock Analysis. August 2024.The current price of NIO stock has dropped below $4, a significant decline from its trading range of around $9 earlier this year, representing a decrease of approximately 55.56%. This sharp drop highlights the substantial downturn in the stock’s value. The price action is forming a long-term descending channel, indicating that bears are firmly in control of the market. NIO's stock performance is lagging behind broader stock market indices, underscoring its relative weakness. Bulls attempted to reverse the trend in early May, spurred by the news of strong delivery numbers for April, which temporarily boosted investor sentiment. However, this attempt failed to sustain momentum. Significant sell-offs on May 15th and June 6th followed the earnings report, which revealed lower-than-expected revenue and deliveries, signaling that bears were regaining control. Since then, the $5 level has become a formidable resistance point. The price action in May demonstrated a classic Wyckoff distribution phase, where smart money gradually exited positions, preparing for further declines. The blue fan lines represent the weakening echoes of demand from the positive news on May 1st. While they offer a glimmer of hope for the bulls, these support levels have been consistently breached, showing their diminishing influence. On August 1st, NIO's stock price fell on increasing volumes, a clear sign of effective selling pressure. I expect any attempts by the bulls to reverse the trend to face resistance at this level. It's possible we might witness a false rally followed by a drop to the year's lows. The psychological $3 level, which aligns with the lower boundary of the long-term descending channel, may act as a price magnet. Forecasts Analysts' forecasts for NIO stock are mixed. Some see a potential recovery if the company can improve its delivery numbers and profit margins. However, others are bearish, predicting the stock could fall further if market conditions remain unfavorable. The consensus target price for NIO in the near term varies, with some estimates as low as $3 and others suggesting a potential rebound to $6-7, depending on future earnings reports and macroeconomic factors.
NYSE:NIOShort
by fintechzoom
NYSE:DOCS - Breakout Opportunity with Strong FinancialsSummary: NYSE:DOCS Doximity NYSE:DOCS has experienced a big breakout with a higher volume spike, indicating strong buying interest. The company's impressive gross profit margin, aggressive share buybacks, and solid balance sheet with more cash than debt make it an attractive investment opportunity. Additionally, Doximity has a very high Piotroski score, further solidifying its strong fundamentals. Fundamentals: Impressive gross profit margin Management aggressively buying back shares Holds more cash than debt on the balance sheet Very high Piotroski score Technical: High RSI, indicating strong momentum Relative strength is positive compared to the index Breakout after a period of consolidation
NYSE:DOCSLong
by hrishikeshrahalkar
APPLE STOCKS TREND DOWN AFTER WARREN BUFFET SELLING 50% STOCKApple stock price make high 236.92 and buffet start the selling of apple stock its dumped the price of stock 55.02% now scenario is apple start falling the price of stocks my scenario is you will get the opportunity because my analysis show me a down trend in apple stocks after that buffet selling the stocks price close on Friday around 221.73 i give a scenario to buy stocks on different level . 1. 207.04 $ 2. 197.14 $ 3. 192.36 $ 4. 186.55 $ IF apple stocks break down the level of 164.03 you will see sharp fall in apple stocks. You will invest your wealth so don't be greedy some times institution play games with retail investor so before you invest your wealth look around the your financial condition and your risk because you know its risky some times. we need to wait when institution players enter in the market for manipulation. Wait and watch then enter in the market grow together .
NASDAQ:AAPLShort
by NaviPips
NVIDIA vs Ruseel 2000 - is money moving out of NVIDIA to RUT?Is the entire world is rotating out of NASDAQ:NVDA into Russell 2000 small-cap stocks. Could it be another Cisco .com bubble comparison. Everyone tries to find AI companies that offer significant returns. In reality most of them provide no value and the infrastructure AI is built on continues to be growing asset (NVIDIA). Let us look at the charts. From the charts it is clear that NVIDIA is still in an uptrend, has formed a falling wedge. We are targeting 135 in the days to come. The Russel 2000 seems more like a short squeeze and it has got more legs on it. Whether this is the start of a new bull market, we will only know in the times to come. As an NVIDIA investor, I choose to hold on till as a time trend doesn't change.
NASDAQ:NVDA
by pradytrader1979
Telsa buy given at 175 , Trail sl 230 Target 290, 315, 338,360Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NASDAQ:TSLALong
by JaiPrakashShuklaHarmonicTrader